India's urea imports more than doubled to 7.17 million tonnes in the first eight months of the current fiscal year as domestic production declined, highlighting the country's growing dependence on foreign supplies to meet farmer demand, industry data showed on Monday. Urea imports jumped 120.3 per cent to 7.17 MT during April-November 2024-25 compared with 3.26 MT in the year-ago period, according to data released by the Fertiliser Association of India (FAI). Domestic urea production fell 3.7 per cent to 19.75 MT during the same period. Overall urea sales rose 2.3 per cent to 25.40 MT, the data showed. "While we've achieved sales growth through coordinated planning, the significant reliance on imports -- particularly for urea and DAP -- underscores the importance of strategic supply chain management," FAI Chairman S Sankarasubramanian said in a statement. In November alone, urea imports rose 68.4 per cent to 1.31 MT, compared to 0.78 MT in November 2024. Urea sales rose 4.8 per ce
Analysts at Elara Capital remain bullish on the Rallis' crop care division prospects, driven by the robust outlook on the domestic business and cautiously optimistic outlook on the international biz.
Finance Minister Nirmala Sitharaman announced the expansion of Nano DAP application across various crops in all agro-climatic zones on Thursday
Currently, the version of DBT in fertilisers involves farmers purchasing their fertilisers through point of sale (PoS) devices after undergoing Aadhaar authentication
Analysts consider the south-west monsoon to be the lifeline of India's agri-based economy, as it is likely to brighten outlook for bumper crop output amid inflationary times post covid-19 blowout.
It would push up subsidy bill significantly
UPL, Shivalik Rasayan, Zuari Agro, Chambal Fertilisers, FACT and GSFC trading at 52-week highs on the BSE.