Russia becomes top fertilizer supplier to India
Exports of Russian fertilizers for the financial year of 2022-2023 was over INR 25000 Crores
Russia became the top supplier of fertilizers to India in the financial year of 2022-2023 by offering them at competitive prices, said Director General and CEO of the Federation of Indian Export Organizations (FIEO) Ajay Sahai.
Russia “is the leading one,” for the financial year of 2022-2023, Sahai said. It is “followed by China, Saudi [Arabia], Oman and Morocco,” he noted.
Exports of Russian fertilizers over that period was over INR 25000 Crores. Supplies from Saudi Arabia stood at about INR22000 Crores. China delivered fertilizers worth INR 17000 Crores, while supplies from Oman and Morocco amounted to about INR 8500 Crores to 12750 Crores, Sahai said.
“Russian supplies to India mainly includes nitrogen, phosphorus, potassium, mono and diammonium phosphate and urea,” the expert informed.
Russia is exporting fertilizers to India at competitive prices, the Director General said. “It’s a good price,” Sahai added.
