Top Russian fertilizer firm urges India to lift import duty ...News

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Top Russian fertilizer firm urges India to lift import duty
Duty-free trade would reduce product costs for Indian farmers, a leading agrochemical company has said Russia’s top fertilizer producer PhosAgro has called on India to lift a 5% import duty to ensure stable supplies for the benefit of Indian farmers, the company has said. Russia became India’s biggest fertilizer supplier in 2022, with exports surging more than five-fold to 2.8 million tons. Supplies of agrochemical products rose by a further 1.5 times in 2023, driving Russia’s share on the Indian market to 25%, according to PhosAgro. The appeal to drop the import duty comes after Russian President Vladimir Putin a

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