New Delhi, March 22 -- The effective closure of the Strait of Hormuz is set to trigger a significant input-cost and logistics shock for the Indian fertilizer sector, although the industry currently maintains comfortable near-term supplies.

According to a report by DAM Capital, "the current disruption is an input-cost and logistics shock, not an immediate availability crisis," particularly as the industry enters a lean demand period before Kharif requirements climb in mid-May.

The Di-Ammonium Phosphate (DAP) segment faces the highest level of risk due to its structural reliance on foreign markets. The report stated that "DAP remains the most exposed due to import dependence and import-chain vulnerability."

While India relies on Middle E...