As gas prices continue to rise unabated, the reliance of India on imported liquefied natural gas (LNG) as a fertiliser feedstock could see the government increasing its US$14bn (Rs1 trillion) fertiliser subsidy budget, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Crippled ammonia trade flows as a result of the war in Ukraine are placing further strain on the fertiliser supply chain and are expected to cause prices to skyrocket further.
Crippled ammonia trade flows as a result of the war in Ukraine are placing further strain on the fertiliser supply chain and are expected to cause prices to skyrocket further.