Mandaviya asks countries to fix fertiliser prices responsively

Chemicals and Fertilisers Minister Mansukh Mandaviya has urged Jordan, Morocco and other countries to fix prices of their fertilisers responsively as the crop nutrients are inputs for food security

fertiliser
Press Trust of India New Delhi
3 min read Last Updated : Mar 23 2022 | 9:36 PM IST

Chemicals and Fertilisers Minister Mansukh Mandaviya has urged Jordan, Morocco and other countries to fix prices of their fertilisers responsively as the crop nutrients are inputs for food security.

The minister's appeal comes amid concerns over the supply and prices of fertilisers in the wake of war between Russia and Ukraine.

A delegation from Jordan met Mandaviya on March 22 to discuss supply of phosphatic and potassic fertilisers as well as raw materials from Jordan to India.

According to an official statement, a Jordanian delegation led by their Minister of Investment, Kheiry Yaser Abdel-Monim Amr called on Mandaviya in his office and "discussed subjects of mutual interest specially relating to supply of phosphatic and potassic fertilisers and raw materials from Jordan to India," an official statement said on Wednesday.

The strategic partnership forged by Indian companies like IFFCO and IPL with the largest fertilizer company of Jordan, which is Jordan Phosphate Mines Company (JPMC), was also appreciated by the Jordanian Minister.

"Mandaviya referred to the present geopolitical global situation and appealed not only to Jordan but other countries like Morocco to responsively price their fertilisers as these are inputs for food security," the statement said.

The Jordanian Minister expressed satisfaction with the outcome of his India visit and the business MOUs to be signed with some of the Indian companies in coming days.

He also extended an invitation to Mandaviya to visit Jordan in May 2022 to expand and consolidate the existing ties of Indian companies and explore further business opportunities.

Besides phosphatic fertilisers and raw materials, Jordan is also a regular supply source of MOP (Muriate of Potash) to India.

"The Jordanian Minister agreed to lend his good offices to get long term MOUs executed by Jordanian companies for Rock Phosphate, DAP and MOP with IFFCO and IPL (Indian Potash Ltd)," the statement said.

JPMC Chairman Mohammad Thenibat suggested that India and Jordan should mutually devise a treaty for economic cooperation.

Senior officials of the Department of Fertilisers, Ministry of External Affairs and representatives of IFFCO and IPL etc were also present.

Separately, Mandaviya interacted with the delegation of Single Super Phosphate (SSP) industry on Wednesday to discuss ways to boost domestic production.

"The industry has been forthcoming in the current year wherein the sale of SSP increased by 18 per cent in order to meet the domestic requirements of phosphatic fertilisers especially in Rabi Season 2021-22," an official statement said.

A detailed discussion to address the issues related to raw material, support of transportation, cost to industry, quality enhancement etc was done.

The minister assured to take necessary steps to support the SSP industry in their endeavours.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Fertiliser

First Published: Mar 23 2022 | 9:36 PM IST

Next Story