Russia Replaces China to Become the Biggest Supplier of Fertilizers to India

Sakshi Education

Russia has become India’s biggest fertilizer supplier for the first time. Russian exporters reportedly grabbed a 21% share of the Indian fertilizer market in the first half of the 2022-23 fiscal year, overtaking China, previously India’s largest supplier.
India secured di-ammonium phosphate (DAP) from Russia at $920-925 per tonne on a cost and freight basis (CFR), when other Asian buyers were paying more than $1,000.
The surge in Russian supplies halved China’s exports to India to 1.78 million tonnes in the first half of 2022-23.
Exports from other destinations such as Jordan, Egypt and the United Arab Emirates also fell. In the 2021/22 financial year Russia’s share in Indian imports was around 6%, while China cornered 24%. Russia’s market share jumped to 21% in the first half of 2022/23, surpassing China as the biggest supplier to India.
Global prices could have rallied more had India also moved away from Russia to other suppliers such as China and Morocco, which have limited supplies for exports, he said.
India’s total fertilizer imports in the first half of 2022-23 fell 2.4% from a year ago to 10.27 million tonnes, although in value terms imports during the period surged 59% to $7.4 billion.

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