Kharif Fertilizer Demand Shows Resilience
July fertilizer sales point to strong Kharif 2026 demand, backed by stock levels and distribution. Key monitorables include rainfall, sowing, subsidies and farmer demand.
Key insights
- Government data shared through PIB shows July 2026 fertilizer sales reached nearly 60% of total Q1 FY27 volume, a signal of strong Kharif 2026 momentum.
- Urea sales were about 43 lakh MT in July, against around 69 lakh MT for Q1 FY27.
- DAP sales were about 11 lakh MT in July, versus roughly 15 lakh MT in the first quarter.
- NPK sales reached nearly 15 lakh MT in July, while MOP sales were close to 2 lakh MT.
- As of 29 July 2026, stocks stood at about 65 lakh MT urea, 44 lakh MT NPK, 16 lakh MT DAP and nearly 6 lakh MT MOP.
- The One Nation, One Fertilizer initiative, under the Pradhanmantri Bhartiya Janurvarak Pariyojana, brings subsidised fertilizers under the common BHARAT brand.
- Fertilizer demand is tied to the agricultural cycle, rural activity and crop-input intensity; comfortable stock levels reduce supply-disruption risk.
- Key monitorables: rainfall distribution, sowing progress, subsidy policy, import costs, channel inventory and farmer demand.
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