Russia will increase export quota of fertilizers easing provide to India

The present export quotas for Russian producers of mineral fertilizers have been quickly elevated by nearly 700,000 tons and this has ensured provide to India

The export quota for nitrogen fertilizers was elevated by 231000 tons by Russia. The export quota for complicated fertilizers has been elevated by 466000 tons

These measures are essential to assist fertilizer producers who face the danger of downtime on account of low demand within the home market and sanctions, in keeping with Russian officers.

India has acquired fertiliser shipments of three.60 lakh metric tonnes (LMT) from Russia because the begin of the Ukraine warfare on February 24, in keeping with Fertiliser Secretary Rajesh Kumar Chaturvedi.

Addressing the Nationwide Convention on Agriculture: Kharif Marketing campaign 2022, Chaturvedi mentioned fertiliser shipments have been acquired earlier than and after the “present geo-political state of affairs”.

“In December final 12 months, we entered right into a C2C (company to company) provide association with Russian firms for two.5 LMT DAP/NPK yearly for 3 years. Woh usko honour kar rahe hain aur usme se hum ko provide lagatar prapt ho rahi hai (They’re honouring that and we’ve got been receiving provide constantly),” he mentioned.

Russia had assured further portions of DAP (4LMT), MOP (10 LMT) and NPK (8 LMT).
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