New Delhi, July 15 -- India has secured a major deal with Saudi Arabia's Ma'aden, ensuring a steady supply of DAP (di-ammonium phosphate) fertilisers for the next five years.

This move comes as China continues to limit its fertiliser exports, impacting global supply chains.

Under the agreement, Indian public sector companies like Indian Potash Ltd (IPL), Coromandel International, and Paradeep Phosphates will receive a guaranteed supply of DAP and other key fertilisers from Ma'aden.

While the exact volume hasn't been disclosed, the Ministry of Chemicals and Fertilisers stated that the deal provides long-term price stability and supply assurance, which is crucial for Indian farmers.

DAP is the second-most used fertiliser in India after ...