Головна Agrochemistry India in talks on multi-year fertiliser import deal with Russia

India in talks on multi-year fertiliser import deal with Russia

India is in its first government-to-government negotiations with Russia for the long-term supply of fertilizers, hedging against geopolitical instability and high global prices. This is reported by ProAgro Group, citing Reuters.

India is a top importer of urea and other soil nutrients needed to feed its huge agriculture sector, which employs about 60% of the country’s workforce and accounts for 15% of $2.7 trillion economy.

Fertilisers Minister Mansukh Mandaviya along with officials from Indian fertilisers companies will visit Moscow later this month or early March to discuss the deals with Russian trade minister Denis Manturov, the government sources said.

The sources said India is aiming to lock in 1 million tonnes a year each of di-ammonium phosphate (DAP) and potash; and about 800,000 tonnes a year of a mix of nitrogen, phosphorus, potassium (NPK).

Перегляди: 4