Discounts lift Russia's fertiliser exports, becomes top supplier to India

The surge in Russian supplies halved China's exports to India to 1.78 million tonnes in the first half of 2022/23

Russia for the first time became the biggest fertilizer supplier to India in the first half of the 2022/23 fiscal year by offering discounts over prevailing global prices, cornering more than a fifth of the market share, government and industry sources said.

India's fertilizer imports from Russia surged 371% to a record 2.15 million tonnes in the first six months of the year started on April 1, a senior government official who was closely monitoring the imports, told Reuters.

He declined to be named due to the sensitivity of the matter. In value terms, India's imports during the period spiked