In another indication of the tectonic shifts underway in the world physical economy, Global NATO’s sanctions policy has led to Russia becoming India’s biggest fertilizer supplier, according to an account in Reuters reported on Monday, citing a government official who said Russian exporters offered “reasonable prices.”
India is heavily dependent on fertilizer imports to produce sufficient food for its population of 1.393 billion. Last fiscal year, Russia had about a 6% share of all Indian fertilizer imports. “India was struggling to secure fertilizers at reasonable prices after a conflict escalated between Russia and Ukraine. Russian supplies were timely and at reasonable prices. It helped us to avoid possible scarcity,” the source told Reuters.
