India's urea import prices fall 12% as fertilizer supply eases

India is a country that grows lots of food, and farmers there need something called urea to help plants grow strong.

India buys urea from other countries because it is one of the biggest buyers in the world.

Recently, the people selling urea to India lowered their prices by 12 percent.

That is good news, because earlier this year India had to pay a lot of money — almost twice as much as before a war started.

A war near a water path called the Strait of Hormuz made it hard to ship fertilizer and pushed prices up.

Now there is more fertilizer available, and people aren't buying as much, so prices are going down.

When India shops for urea, many companies send in offers, and India can pick the cheaper ones.

Ports on India's west and east coasts received many offers from sellers around the world.

Lower prices matter because fertilizer helps farmers grow food, and cheaper fertilizer can help keep food costs down.