India's Fertiliser Imports Expected to Reach Record $18 Billion Amid Increased Consumption

India's fertiliser imports are projected to reach a record $18 billion this fiscal year, a 76% increase from the previous year, driven by higher consumption following abundant monsoon rains. Imports of urea and diammonium phosphate (DAP) have surged, while domestic production has slightly declined. Farmers expanded crop areas due to favorable rainfall, boosting demand. New fertiliser plants are under development, but import dependence remains significant amid global market uncertainties and rising costs.