India Faces Higher Fertilizer Costs as Russian Suppliers End Discounts
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Russian fertilizer companies have stopped offering discounts to India and are now selling at market prices.
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This could increase costs for India, which imported record amounts from Russia last year.
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Russia became India's biggest fertilizer supplier in 2021/22, taking market share from China, Egypt, Jordan and UAE.
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Global fertilizer prices have been surging, making it hard for India to stock up ahead of winter wheat planting.
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Rising costs may force India to increase fertilizer subsidies to protect farmers ahead of key state elections.