An agreement between Russia's PhosArgo and India's Indian Potash Ltd (IPL) along with RDIF, will see the supply of 2 million t of fertilizer to India.
The Economic Times states "Russia's Phosagro will supply 2 million t of fertilizer to India worth $1 billion the company said in a joint statement with Russia's RDIF sovereign wealth fund on Friday with deliveries expected to take place between 2019 and 2021."
PhosArgo has supplied roughly 1.2 million t of product to India since 2016.
The agreement "will increase the volume and expand the range of phosphorus-based fertilisers supplied to India," said Phosagro CEO Andrey Guryev.