Russian sellers stop offering discounted fertilizers to India
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Russian companies have stopped offering discounted fertilizers, such as di-ammonium phosphate (DAP), to India due to tightening global supplies. This move could increase India's import costs and subsidy burden amid a rally in global prices. India's fertilizer imports from Russia surged 246% to a record 4.35 million metric tons in the 2022-23 financial year, as suppliers provided discounts on DAP, urea, and NPK fertilizers.