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Prime Minister Narendra Modi said India has spent ₹16 lakh crore over 12 years to keep fertilisers affordable for farmers. He said a DAP bag costing about ₹5,000 internationally is sold to Indian farmers for ₹1,300, and urea is priced below ₹300 against roughly ₹3,000 abroad.
He made the remarks at the India Today Kisan Tak Agri Conference.
Heavy subsidies keep Indian domestic fertilizer demand insulated from international price spikes, so import needs for DAP and urea depend on government spending rather than farmer price response. The subsidy gap is large, which supports continued state-backed imports.
businesstoday.inBusiness Today DeskNov 12, 2026After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), and +1.9% over 20.
After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
