Indian urea stocks fell sharply in Dec 2025 due to rising demand, despite lower DAP sales.

Indian DAP stock levels fell in December 2025 despite lower sales, with total DAP sales from April to December down 4% year-on-year. Urea stocks dropped sharply by 2.24 million metric tons, the largest decline since 2020, as demand rose due to expanded crop acreage and DAP shortages. Urea imports nearly doubled to 8 million metric tons. While DAP sales were lower than expected, falling to 869,000 metric tons, strong demand for nitrogen-based fertilizers and record NPK/NP imports helped maintain overall fertilizer market resilience.