The Red Sea conflict has also impacted Middle East’s fertiliser exports to India. Shipment timelines have been extended by nearly a fortnight and hiked freight costs. “Import of the key fertiliser, muriate of potash (MOP), from Jordan and Israel has been majorly affected. Israel constitutes 10-15% of MOP exports to India, while Jordan constitutes 25-30%,” CRISIL said while adding that the Indian government has assured a sufficient buffer for fertilisers but MOP supplies from these countries will be affected if the situation persists for long. Read The Rest at :
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