# Russia's Phosagro strikes $1 billion fertiliser deal with India

> Russia's PhosAgro has agreed to supply 2 million tonnes of fertilizer worth $1 billion to India. India imports nearly 90 percent of its phosphate-based fertilizer demand.

- Date: 2018-10-05 · published 2018-10-05T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/62854-russia-s-phosagro-strikes-1-billion-fertiliser-deal-with-india
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

A large multi-year supply contract with a major importer supports phosphate demand and prices. Its effect on the market is limited because the volume is spread over time and India already relies heavily on imports.

## Read by commodity

- DAP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-01-11 | [Export deal with India tipped to boost Morocco's fertiliser industry \| AGBI](https://feedsoft.ai/events/38127-export-deal-with-india-tipped-to-boost-morocco-s-fertiliser-industry-agbi.md) | +1.5% | -1.2% |
| DAP | 2023-09-12 | [Exclusive: Russian sellers stop fertiliser discounts to India \| Reuters](https://feedsoft.ai/events/34437-exclusive-russian-sellers-stop-fertiliser-discounts-to-india-reuters.md) | 0.0% | +0.5% |
| DAP | 2023-01-22 | [Morocco plans to sell India 1.7 million tonnes of fertilisers in 2023 \| Reuters](https://feedsoft.ai/events/38105-morocco-plans-to-sell-india-1-7-million-tonnes-of-fertilisers-in-2023-reuters.md) | +1.5% | -2.7% |
| DAP | 2020-09-03 | [PhosAgro will challenge Mosaic's argumentation — Fertilizer Daily](https://feedsoft.ai/events/51050-phosagro-will-challenge-mosaic-s-argumentation-fertilizer-daily.md) | +0.4% | -0.8% |
| DAP | 2021-03-11 | [Mosaic - Morocco and Russia Subject to Phosphate Fertilizer Import Duties](https://feedsoft.ai/events/48049-mosaic-morocco-and-russia-subject-to-phosphate-fertilizer-import-duties.md) | -0.6% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/world/russias-phosagro-strikes-1-billion-fertiliser-deal-with-india-idUSKCN1MF10N/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.