NEW DELHI, April 7 (Xinhua) -- Amid supply disruptions in the wake of the situation in the Middle East, India has floated a global tender seeking to import 2.5 million metric tons of urea, officials said Monday.
The state-run Indian Potash Limited has already issued a tender in this regard, with bids due by April 15.
India relies on global markets to meet its demand for urea. The demand for the key crop nutrient is expected to increase as the monsoon sets in and the summer-sowing season begins.
Global supply chains are facing massive disruptions due to the ongoing Middle East conflict. The tensions have disrupted fertilizer supplies from major Middle East exporters and reduced sea traffic through the Strait of Hormuz, a vital oil shipping route.
The closure of the sea route has caused LPG shortages in India and sent global oil prices soaring. ■