India's fertiliser imports for the fiscal year 2025-26 reached 28.2 million tonnes, costing over $14.5 billion. This figure marks a significant increase from the previous year's $8.2 billion, driven by rising global prices influenced by geopolitical tensions, particularly the ongoing conflict involving the US, Israel, and Iran. The total fertiliser import bill, including raw materials and intermediate chemicals, amounted to a staggering $27.2 billion, second only to the record $33.4 billion in 2022-23. The fertiliser sector's reliance on imported liquefied natural gas (LNG) accounted for approximately 47.2% of its consumption, with LNG imports valued at around $6.3 billion. Additionally, the prices of imported fertilisers have surged, with urea and di-ammonium phosphate (DAP) prices significantly higher than last year. Compounding the issue, several Indian states have imposed bans on the sale of non-subsidised fertilisers, which could limit the availability of premium nutrient products essential for high-value agriculture. This situation raises concerns about the future of India's fertiliser supply amidst escalating import costs and regulatory challenges.