# EXCLUSIVE India plans over $40 billion for food, fertiliser subsidy for 2022/23 - sources | Reuters

> Reuters reports India plans to spend over $40 billion on food and fertilizer subsidies for fiscal 2022/23, according to sources. Fertilizer prices have surged over 200% in the past year after record rises in coal and natural gas costs.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/43458-exclusive-india-plans-over-40-billion-for-food-fertiliser-subsidy-for-2022-23
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Large Indian subsidy budgets support sustained fertilizer import demand, which underpins global urea and phosphate prices. Higher input costs continue to pressure feed grain production economics.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-04-08 | [India raises fertiliser subsidy as US-Iran war lifts global prices \| Reuters](https://feedsoft.ai/events/9774-india-raises-fertiliser-subsidy-as-us-iran-war-lifts-global-prices-reuters.md) | +1.6% | -12.0% |
| UREA | 2023-09-08 | [China slows fertiliser exports, raising industry concerns in India \| Reuters](https://feedsoft.ai/events/34015-china-slows-fertiliser-exports-raising-industry-concerns-in-india-reuters.md) | -0.6% | -4.9% |
| UREA | 2025-10-21 | [China Suspended Fertiliser Exports: India Faces Price Rise Before Rabi Season](https://feedsoft.ai/events/9555-china-suspended-fertiliser-exports-india-faces-price-rise-before-rabi-season.md) | +0.1% | +1.7% |
| UREA | 2021-10-12 | [Fertilizer Prices Soar Near 2008 Highs on Supply Shocks, Concerns Sprout Over Sourcing Enough for 2022 U.S. Corn Acres - AgWeb](https://feedsoft.ai/events/44478-fertilizer-prices-soar-near-2008-highs-on-supply-shocks-concerns-sprout-over.md) | +0.2% | +10.2% |
| UREA | 2021-07-30 | [China's major fertiliser makers to suspend exports amid tight supplies \| Reuters](https://feedsoft.ai/events/45993-china-s-major-fertiliser-makers-to-suspend-exports-amid-tight-supplies-reuters.md) | -2.2% | -2.1% |
| DAP | 2026-04-08 | [India raises fertiliser subsidy as US-Iran war lifts global prices \| Reuters](https://feedsoft.ai/events/9774-india-raises-fertiliser-subsidy-as-us-iran-war-lifts-global-prices-reuters.md) | +2.8% | +5.2% |
| DAP | 2022-04-27 | [India approves $8 bln subsidy for phosphate-based fertilizers](https://feedsoft.ai/events/42147-india-approves-8-bln-subsidy-for-phosphate-based-fertilizers.md) | -7.9% | -9.4% |
| DAP | 2021-10-12 | [India to provide additional subsidy for phosphate-based fertilizer-govt](https://feedsoft.ai/events/44884-india-to-provide-additional-subsidy-for-phosphate-based-fertilizer-govt.md) | +0.4% | +6.6% |

## Sources

- reuters.com: https://www.reuters.com/world/india/exclusive-india-plans-over-40-billion-food-fertiliser-subsidy-202223-sources-2022-01-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.