India boosts Russian fertilizer imports as Middle East supply risks grow
Russia has continued increasing fertilizer supplies to India this year and says it is ready to keep meeting the country’s demand for types of mineral fertilizers in demand, Russian First Deputy Prime Minister Denys Manturov told Russia’s Interfax news agency.
India has significantly increased its imports of Russian fertilizers amid growing concerns over Middle East supply risks, according to Russian First Deputy Prime Minister Denys Manturov. In the first half of this year, Russian shipments to India rose by 20% compared to the same period last year, reaching a total of 6.5 million metric tons.
This comes after Russia pledged to maintain high fertilizer supply levels to India's agricultural sector, as acknowledged by Russian President Vladimir Putin during a meeting with Indian Foreign Minister Subrahmanyam Jaishankar.
India's total fertilizer imports have surged 45% last year, reaching over 27.4 million metric tons, with Russia now being the country's largest supplier, followed by China, Saudi Arabia, Morocco, and Oman. Tensions in the Middle East and restrictions on Chinese exports have raised worries about potential supply shortages ahead of the summer planting season. Prior to the conflict, the Middle East accounted for about half of India's imports of DAP (di-ammonium phosphate) and urea fertilizers.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
