Indian urea sales have maintained a robust trajectory, hitting an estimated 2.3-2.4 million tonnes (mn t) in the first half of January 2025. This follows a record-breaking 5.2mn t of urea sales in December 2024, showcasing sustained domestic offtake.
Provisional data suggests that January sales could exceed 4.5mn t, surpassing the 3.54mn t recorded in January 2024. Urea production is also on track, with output expected to reach around 2.5mn t this month.
However, urea inventories have dropped to approximately 5.5mn t as of 16 January, down from 6.1mn t at the beginning of the year.
International Market Impact
Global urea prices have surged in recent weeks, outpacing 2024 levels, driven by India’s strong import demand. The increased domestic consumption has amplified the need for imports, making India a significant player in the global urea market.
All eyes are now on the results of RCF‘s urea purchase tender, which is set to close on 23 January 2025. The tender’s outcome could further influence market dynamics and price trends.
Indian Urea Sales underscore the country’s critical role in the global fertilizer market and its commitment to supporting domestic agricultural needs.
