India’s Urea Offers Fall, Signaling Easing Global Fertilizer Costs

India’s urea import costs have fallen sharply, reflecting improved global availability after China eased fertilizer export restrictions. The landed cost dropped to about $406 per tonne in mid-September, down 57% from its May peak of $947, while global urea prices were 23% lower year over year in August. India’s purchases and stockpiles have also grown. The decline may ease pressure on government fertilizer subsidies, but farmers are unlikely to see immediate price changes because retail urea prices are government-set