India’s cheap-urea model faces an expensive reckoning

India's cheap-urea model, which has long provided subsidized fertilizer to farmers, is facing an expensive reckoning due to rising global costs. The country's procurement expenses for fertilizer have more than doubled, largely due to supply chain issues and the ongoing war. This significant increase in costs poses a challenge to India's subsidy system, which has been in place for years. The rising costs will likely have a ripple effect on the nation's economy and trade, particularly for farmers who rely heavily on subsidized fertilizer.

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India's fertilizer costs are increasing due to global supply chain issues. This could lead to higher expenses for farmers and impact the country's agricultural sector.

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