The Coming Food Crisis in South Asia

Pakistan is least affected by this as we produce fertilizer with our own gas. And now even our LNG cargos are passing through Hormuz so all is well here.
 

India's fertiliser imports from China jump 173% in FY26, shows data
Russia retained its position as the top source of India's fertiliser imports. It accounted for 6.8 million tonnes of imports, as against 4.9 million tonnes in FY25

Last Updated : May 17 2026 | 11:49 PM IST

India’s fertiliser imports from China jumped by more than 173 per cent in FY26 compared to the same period last year, reaching 5.02 million tonnes, according to the latest data from the Ministry of Commerce.

Russia retained its position as the top source of India’s fertiliser imports. It accounted for 6.8 million tonnes of imports, as against 4.9 million tonnes in FY25.

Meanwhile, when it came to basmati rice exports, which is one of India’s largest agricultural export items, the latest data showed that Saudi Arabia and Iran remained the two biggest buyers of Indian basmati rice in FY26, with the latter buying almost 17 per cent more basmati rice in volume terms in FY26 compared with the same period last year.
 
 

Grain That Feeds Half The World Set For Biggest Annual Gain Since 2003​


Chicago rice futures have surged more than 50% this year, while benchmark Thai prices have advanced for six consecutive weeks. Bloomberg says the rally reflects growing anxiety that adverse weather conditions and elevated agricultural input costs will curb production across Asia, which dominates global rice output and exports.

India's monsoon rainfall was 13% below normal as of Wednesday, while US rice-crop conditions were weaker than a year earlier.

BMI commodities analyst Bin Hui Ong said monsoon-dependent producers such as Thailand and Indonesia are particularly vulnerable because dry conditions could coincide with critical planting and early crop development periods.

"We think monsoon-dependent Southeast Asian producers, particularly Thailand and Indonesia, are among the most exposed, as the anticipated dry conditions could significantly overlap with critical planting and early crop development periods," Ong wrote in a note.

Ong said, "We expect the implications to be felt most acutely by net rice-importing and lower-income markets, where higher rice prices can feed directly into food inflation and affordability pressures."

Rice futures in Chicago have jumped to near two-year highs. If the gains hold through year-end, this would mark the largest annual increase since 2003.

 

Users who are viewing this thread

  • Country Watch Latest

    Back
    Top