Russian sellers stop fertiliser discounts to India, sources say
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.
Source: indiatimes.com