India is looking to strike a deal with Russian potash producer Uralkali PJSC for the supply of 1 million mt of potash, India’s Economic Times has reported, citing an unnamed senior official in India’s Department of Fertilizers.
The two countries have formed a committee, headed by the Secretary of the Department of Fertilizers and his counterpart in the Russian Trade Ministry, to iron out the details of the deal, according to the report.
The focus is to secure supplies at reasonable rates, the report official was cited as saying.
India imported 142,811 mt of potash from Russia in calendar 2021 out of a total of 3.16 million mt, while in 2020, it imported 751,894 mt from Russia out of a 5.02 million mt total, according to Trade Data Monitor (TDM).
Potash imports this calendar year through to Aug. 31 amounted to 1.86 million mt, with no imports from Russia, according to TDM.