Amid the ongoing Russia-Ukraine crisis, Indian Potash Ltd has signed a five-year deal to import 0.6-0.65 million tonnes of muriate of potash per year from Israel Chemical Ltd.
According to an official statement, the agreement runs from 2022 to 2027.
A Reuters report said India is looking to boost its fertiliser imports from nations such as Canada and Israel to ensure sufficient supplies ahead of the kharif planting season.
Among the various items that have seen a spike in their prices due to the Russia-Ukraine conflict is Muriate of Potash (MOP) fertiliser.
Russian ally Belarus is one of the leading