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Economy

Mega monsoon sets India to record $18 bn fertiliser imports — another bumper crop year in sight?

India is projected to import a record $18 billion worth of fertilisers this fiscal year, marking a significant 76% increase from the previous year. This surge in imports is attributed to heavy monsoon rains that have encouraged farmers to expand their crop cultivation.

Reuters

Reuters

Credit: Mega monsoon sets India to record $18 bn fertiliser imports. File image/

Key Highlights

  • Fertiliser imports for India are expected to reach $18 billion this fiscal year.
  • This represents a 76% increase compared to the previous year.
  • Heavy monsoon rains have led to increased crop area expansion by farmers.
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Sources

  1. Mega monsoon sets India to record $18 bn fertiliser imports — another bumper crop year in sight?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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