India's Comptroller and Auditor General has started a study of the urea sector covering demand assessment, subsidies, domestic production and imports, with fieldwork in 169 districts across 15 states. The report is expected next year and will go to Parliament, and the article notes a 2025-26 global urea price surge tied to a Chinese export ban and large Indian import tenders.
The audit could eventually affect India's urea import volumes and subsidy design, which influence global urea demand and prices, though the outcome is not expected until next year.
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.