CNBC TV18 | 25/03/2022 05:35 PM | Click to read full article
As the Russia-Ukraine war has led to supply disruptions and soaring global fertilizer prices, we have seen a sharp surge in the last month. The raw materials used for fertilizer production are natural gas, phosphoric acid, ammonia, sulphur, and rock phosphates.
All of these are produced by Russia in large quantities. India, in particular, depends highly on Russia for certain raw materials.