Fertiliser Import News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

The move in August by Russian companies to instead offer fertilisers at market prices could increase India's import costs and subsidy burden amid a rally in global prices, as a top exporter, China, tries to curtail overseas sales, , fertiliser import, russia

The government today approved two proposals to buy 67.20 lakh tonnes of liquefied natural gas (LNG) worth Tk 1,243 crore from the international spot market to alleviate the energy shortage facing the economy.

CS promises farmers that the government will continue subsidising fertiliser and retain prices at the current Sh3,500.

The cabinet committee on government purchase (CCGP) yesterday gave the nod to buy 115,000 tonnes of fertiliser from two Middle Eastern countries to increase fertiliser stock for producing crops in the coming seasons.