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.
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