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Market move▼ Bearish for Indian equities
Rising sulphur prices put fertiliser sector under pressure, threaten higher subsidy burden
The brief
- Landed sulphur prices in India have doubled since January to around $1,050-1,100 a tonne
- Higher input costs and subsidy pressure weigh on fertiliser companies and government finances
- Demand estimate of fertilizer for Rabi 2026-27 may be 2 LT higher
- India's urea self-reliance push draws 17 proposals worth ₹2 trillion
- Tender floated to import 1.7 mt urea ahead of rabi season
- Fertiliser sales slide as poor rains cloud kharif season