IPL has reportedly signed letters of intent to buy by tender closed on 15 April 2.501 million t of urea at $935/t CFR India’s West Coast and $959/t CFR India’s East Coast. The product shall leave loading ports for India’s West and East Coasts by 14 June 2026.
According to the latest interview with IPL’s Managing Director P.S. Gahlaut with local media, the Indian authorities planned to import 2.5 million t of urea, bypassing the Strait of Hormuz, over the next two months for the Kharif 2026 season. Most supplies are expected to come from Russia, Turkmenistan, Algeria, Egypt, Nigeria and Oman.
In other news, LNG allocations to local urea producers have increased to about 95% of average six-month consumption, improving output prospects in April.
Urea consumption in the Kharif 2026 season (from 1 April to 30 September) is projected to be about 17 million t, while urea stocks were about 6.6 million t in mid-April.
World Fertilizer Market Media
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