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Urea import costs ease as India's fertiliser subsidy bill pressure set to ease
India's new urea tender is expected to secure the nutrient at lower prices. Rashtriya Chemicals and Fertilizers received bids significantly below previous rates. This development offers relief to the nation's substantial fertilizer subsidy bills. Global urea prices declined in May after an initial surge following the West Asia crisis. India, a major importer, sells urea to farmers at heavily subsidized rates.
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africa.businessinsider.com
India buys 1.1 million tonnes of urea from Egypt, Algeria and Nigeria as Strait of Hormuz disruption drives up fertiliser costs
India has sharply increased urea purchases from Egypt, Algeria and Nigeria, importing about 1
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India turns to Egypt and 2 other African countries for 1.1 million tonnes of urea as its subsidy bill nears $37 billion
India has sharply increased urea purchases from Egypt, Algeria and Nigeria, sourcing about 1
