Rising Israel-Iran Tensions May Increase Fertilizer Prices and Subsidy Costs in India

Rising tensions between Israel and Iran threaten fertilizer supplies passing through the Strait of Hormuz, potentially causing price increases and impacting India's fertilizer availability during the upcoming kharif season. Experts note that disruptions could raise shipping, freight, and insurance costs, leading to higher input prices. A sustained price rise may increase India's fertilizer subsidy bill as the government aims to keep farm gate prices stable amid these challenges.