Discounts drive up India’s fertiliser imports from Russia in current fiscal

5
(2)

Fertilisers are being offered at a discount of anywhere between 10 to 25 per cent from Russia to India as a result of which nearly 20 per cent of the fertiliser imported between April and July came from Russia.

“India imported 7.74 lakh metric tonnes of fertilisers from Russia during the first quarter of the ongoing financial year which is more than a fifth of the total 36.4 lakh metric tonnes imported from across the globe,” Minister of Chemicals and Fertilisers Dr Mansukh Mandaviya had stated in the Parliament.

Out of the 7.74 lakh mt fertiliser imported from Russia, urea comprised 47,000 mt, DAP (diammonium phosphate) 1.32 lakh mt and NPK (a complex fertiliser containing nitrogen, phosphorous and potassium) 5.95 lakh mt.

Unlike oil, fertilisers is not under the list of sanctions imposed on Russia by the US following the outbreak of the conflict in Ukraine.

Do you find this post useful?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 2

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Subscribe to our Newsletter

Leave a Comment