India is reportedly setting up a panel to review urea plants’ fixed costs; subsidy payouts could change

The Economic Times, citing people aware of the matter, reports that India is setting up a subcommittee to reassess the fixed costs used to calculate payments to domestic urea producers. The review would use cost data from 2022-23, 2023-24 and 2024-25. Any changes could affect what manufacturers receive and how much the government spends on urea subsidies.