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INDIA IMPORTS 100% OF ITS POTASH FERTILIZER FROM RUSSIA, SEARCHING FOR OPTIONS
Quartz India reports:

Russia, the world's largest exporter of fertilizers, accounts for around 20% of the global supplies of potash, writes Mimansa Verma at Quartz India. The war with Ukraine has compelled countries like India, which use potash, phosphate, and nitrogen-containing fertilizers, to now look for alternative suppliers. Especially since Russia might even consider a halt to fertilizer exports following Western sanctions.

"Losing Russia and their large export volumes would be a severe supply-side shock to the market," Alexis Maxwell, an analyst at Bloomberg's Green Markets said.

India imports four types of fertilizers: urea, diammonium phosphate (DAP), muriate of potash (MOP) and nitrogen-phosphorous-potassium (NPK). It subsidizes potash to make it more affordable for farmers. Its annual budget allocated about 1.05 lakh crore rupees ($14 billion) to its fertilizer-subsidy programme in February this year.

With a requirement of 3 million tonnes, India's potash requirement is totally met by imports from Belarus and Russia.

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