India, Oct. 28 -- India sees red in China's decision to possibly chase greenbacks (sorry, Yuan), and exert trade leverage globally. For the second time in the recent past, as the Indian farmers began sowing Rabi crops such as wheat, barley, mustard, peas, among others, China suspended exports of crucial fertilisers. Imports of several products such as urea, phosphatic ingredients, and urea-solution products like AdBlue were hit. China is the dominant global supplier, and the export halt risks escalation in international prices, and supply chain disruptions.

"This may lead to a 10-15 per cent increase in the prices due to tight global supplies, and uncertainty among countries depending on imports," said Rajib Chakraborty, National Preside...