Chemical crunch, biological breakthrough: Rethinking fertiliser strategy in volatile world
Published in Agrospectrum on 5 November 2025
Ajay Kakra, Leader – Food and Agriculture, GIDAS, Forvis Mazars in India, further explains how fertiliser crunch directly straining farmers and household budgets. “Global fertiliser prices have surged, with the World Bank index up 15 per cent in 2025, while TSP and DAP jumped roughly 43 per cent and 23 per cent , respectively. In India, the landed import price of DAP approached Rs 54,160 per tonne, and urea averaged $546 per tonne internationally. Governments are underwriting enormous costs: India’s fertiliser subsidy outlays remain vast, with multi-thousand crore disbursements in recent years and targeted top-ups for phosphatic and potassic fertilisers of about $860 million in FY 2024–25 “, he analysed.