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Modeled sensitivity
LNG import costs and urea margins are key sensitivities
A modeled exposure signal based on the tracked inputs and drivers; it is not a measure of observed sector health.
editorial · as of 1 Apr 2026
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Fertiliser: gas and LNG costs can widen the subsidy and margin exposure.
Gas-intensive sector; urea and complex fertiliser output depends on gas and naphtha feedstock costs. Government subsidy covers the gap between cost and MRP.
Modeled sensitivity: Watch. Check the tracked inputs and drivers below.
Sensitivity drivers
Why it matters
Fertiliser production depends on reliable gas feedstock and the ability to move finished product into seasonal demand centres. Changes in gas and import costs can alter the relative economics of domestic output, imports, and the public support framework that keeps farm prices stable.
Source
Feedstock costs