India, a leading importer of fertiliser, is planning to increase fertiliser imports from Russia, Belarus and Morocco due to Middle East conflicts, and China may also reduce supply before the summer farming season. As farming is very important in India, farmers need fertilisers like urea, DAP, and potash. India also imports liquefied natural gas, which is used in making urea, and right now about half of India’s fertiliser imports come from it. Saudi Arabia supplies most of the Diammonium Phosphate, and Oman supplies most of the urea.
However, the government said that India has more stock than last year, but if the war continues, supplies may become difficult to obtain. That’s why we are talking to other countries to secure more fertilisers. After all, fertiliser companies in India import fertiliser separately, but still they work together with foreign companies’ importers so that they can control the prices and provide subsidies to farmers.
The government wants to ensure that there are no shortages in June and July, as these are the months when fertiliser demand soars in India. The Middle East has already made the situation more difficult, and now China’s export controls and disruptions in gas supply from the region. They are also planning to consider Indonesia as a backup supplier.
ALSO READ – KKR to Invest $310M in India Electric Bus Deal
After all these issues, fertiliser prices have risen remarkably, making supply planning even more difficult for India.…Read more by Abdullah Ansari