Middle East War Causes Fertilizer Crisis; India Accelerates Joint Urea Plant Construction with Russia
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Amidst a fertilizer crisis caused by the Middle East war and the blockade of the Strait of Hormuz, India is accelerating its collaboration with Russia to build a urea plant. The new facility, with an annual production capacity of 2 million tons, is expected to commence operations within two years, aiming to diversify India's urea sources and stabilize prices.