India to Purchase Fertilizer at Nearly Double Pre-War Price

India, the world’s top importer of urea, has agreed to buy the nitrogen-based fertilizer at sharply higher prices than in a previous tender as the Middle East conflict disrupts supplies and pushes global benchmarks higher.

Indian Potash Ltd., which imports the crop nutrient for the government, will secure 1.5 million tons for delivery on the west coast at $935 per ton, while another 1 million tons will be delivered on the east coast at $959 per ton, according to people familiar with the matter.