Russian companies have stopped offering fertilizers to India at discounted prices because of diminishing global supplies. Last year, Russia became India’s main supplier, but now companies are offering fertilizers at market prices. This could increase India’s import costs and subsidy burden if world prices rise. Russia’s aggressive sales over the past year have reduced its market share compared to other exporters. Global fertilizer prices are rising, making it difficult for Indian companies to stock fertilizers for the upcoming winter season.
More Related Articles
April-August coffee exports up 5.85% at $520 million on higher prices
India’s coffee exports raise 5.85 percent at US$ 520.45 million in April-August this fiscal year…
Hello, Nariyal FoCT call center has opened for coconut farming support
Coconut Development Board has officially launched the FoCT call center at Hello Naariyal to address…
ITC joins forces with Microsoft and Skymet to insulate tobacco companies from weather events.
The fact that climate change is negatively affecting agriculture is not news. But a little-known…