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Global Trade Alert

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India: Package announced to subsidise urea and market organic fertilizers

Description

On 28 June 2023, the Indian Cabinet Committee on Economic Affairs committed INR 367'676.7 crore (USD 44.84 billion) for subsidising urea for the years 2022-23 to 2024-25. According to the 2023-2024 bu...

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Intervention Details

Intervention Type

Price stabilisation

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 Jun 2023

Revocation date

31 Mar 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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