India Seeks Long-Term Fertilizer Deals with Morocco to Secure Crop Supply

India is about to sign long-term contracts, particularly with Morocco and Latin American countries, to ensure a regular supply flow, reports rediff.com. "We have to source fertilizers where they are available, because the crops must be secured. We are ready to conclude long-term contracts with Morocco, as well as Latin American countries. The problem is that prices are very high," said a senior government official.

India is heavily dependent on foreign countries to meet its fertilizer needs, importing nearly a quarter of its total needs and 100% for potash and phosphate. According to the Food and Agriculture Organization of the United Nations (FAO), the country is the second largest user of inorganic fertilizers after China, followed by the United States and Brazil.