Russian sellers stop fertiliser discounts to India, sources say

By
Russian companies have stopped offering discounted fertilisers to India due to tightening global supplies. Last year, Russia became the largest supplier to India, but now companies are offering fertilisers at market prices. This could increase India's import costs and subsidy burden as global prices rally. Russia's aggressive selling last year reduced the market share of other exporters. Global fertiliser prices have been surging, making it challenging for Indian companies to accumulate stocks for the upcoming winter season.

from Agriculture-Economy-News-Economic Times https://ift.tt/ubL28V6

Comments

Post a Comment

Popular AgriNews

Govt to increase procurement of tur dal to tame prices

By
The government plans to significantly increase tur dal procurement from a few metric tonnes to 8-10 lakh metric tonnes to control prices amid reduced acreage and expected low production. Tur dal retail prices rose over 40%, from Rs 112 to Rs 158 per kg. Despite efforts to boost imports by removing import duty on tur, retail inflation in pulses surged to 18.79% YoY in October. from Agriculture-Economy-News-Economic Times https://ift.tt/9Es3D16
Read more

ITC to spearhead MAARS super app to boost agriculture business

By
Image
ITC CMD Sanjiv Puri told a virtual news conference that the super app will empower farmers by providing them with access to modern tools, right quality of inputs at right prices, besides market and financial linkages. He said with farmers having fragmented holdings of land, the app will aggregate them, adding that presently the company has started with 200 farmers producer organisations (FPOs) involving 40,000 farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/aCoJ2Dl
Read more