Concerns over El Niño-induced dry spells triggered a 58% surge in India’s pulses imports to 1.3 million tonnes ($0.72 billion) during Q1 FY27, though recent rainfall recovery has since moderated buying activity. Conversely, landed urea import costs plummeted 60% from their April peak of nearly $1,000/tonne down to $390/tonne, allowing the government to re-evaluate its initial fertilizer subsidy projections for the current fiscal year. In trade policy analysis, experts emphasize the necessity for India to review its bilateral trade strategy with the US in response to unpredictable tariff measures, including White House reports targeting transshipment routes and proposed Section 301 duties. On the edible oil front, Indian import volumes of soyoil are on track to hit record levels in August 2026, driven by attractive pricing and competitive processing margins among domestic refiners.