India diversifies fertiliser imports amid Iran war threat
pre-market1 source ↓written by the desknot a recommendation
- originate
- 70% of urea imports
With the Iran war escalating and the blockade of the Strait of Hormuz, India is revising its fertiliser sourcing strategy. The country plans to increase imports from Indonesia, Belarus, Morocco, Jordan, Russia, and China ahead of the kharif sowing season starting June. This shift aims to reduce dependence on West Asia, where 70% of urea imports originate. However, alternative suppliers may lead to higher costs for farmers.
Not investment advice. For informational purposes only.