# Urea Import Costs Drop 60% From May Peak

> Urea import prices fell 60% from May 2026 peak to $392/tonne as global supply eased.
- Title: Urea Import Costs Drop 60% From May Peak · Financialexpress
- Summary: Urea import prices fell 60% from May 2026 peak to $392/tonne as global supply eased. Urea import costs dropped 60% to $392/tonne from May 2026 peak due to…
- Keywords: urea, import prices, fertiliser subsidy, fy27, global prices, west asia war, diammonium phosphate, business, money, news, Import, Costs
- Source: Financialexpress — https://financialexpress.com/policy/economy/import-prices-of-urea-down-60-since-may-peak/4364286
- Author: Sandip Das
- Published: 2026-10-18T14:39:48+00:00
- Read time: 1 min
- Topics: urea, import prices, fertiliser subsidy, fy27, global prices, west asia war, diammonium phosphate, business, money, news
## Urea Import Costs Fall 60% From Peak
Urea import prices dropped 60% to $392/tonne last month from a May 2026 peak of $947/tonne.
## Government Reassessing Fertiliser Subsidy
Officials say the government is reassessing FY27 fertiliser subsidy budget estimates due to global price volatility from the West Asia war.
## Diversified Urea Imports
The government imports urea from Oman, Malaysia, Vietnam, Georgia, Nigeria, Russia, Finland, Egypt, Algeria, Turkey, and the Netherlands.
## Subsidy Outgo Exceeds FY26
Fertiliser subsidies for FY27 could be 15,000-25,000 crore more than FY26's Rs 2.17 lakh crore due to costlier imports.
## FY26 Subsidy Breakdown
In FY26, urea subsidies cost Rs 1.42 lakh crore, with nutrient-based subsidies at Rs 74,999 crore.
## Subsidy Spending in FY27
The government spent over Rs 1.14 lakh crore on fertiliser subsidies in the first half of FY27, 65% of the initial budget estimate.
## DAP and Sulphur Prices Rise
DAP prices increased 9% to $906/tonne in September, while sulphur prices soared 213% to $1030/tonne due to global conflicts.
## Key takeaway

Urea import costs dropped 60% to $392/tonne from May 2026 peak due to diversified imports and reduced global prices.