Page 3 - Fertiliser

Govt provides nearly Rs 1.71 trn as fertiliser subsidy till Jan in 2023-24

The government has provided nearly Rs 1.71 lakh crore as fertilisers subsidy till January in this fiscal year, Parliament was informed on Friday. In a written reply to Lok Sabha, Minister of State for Chemicals and Fertilisers Bhagwanth Khuba said the government provides subsidy on various fertilizers to ensure adequate availability of fertilizers at affordable prices to farmers. "The subsidy provided for fertilisers in the country for the year 2023-24 (as of January 31, 2024) is Rs 1,70,923 crore," he added. The Government has implemented Nutrient Based Subsidy (NBS) policy with effect from April 1, 2010, for Phosphatic and Potassic (P&K) Fertilizers. Under the policy, a fixed amount of subsidy, decided on annual/semi-annual basis, is provided on notified P&K fertilizers depending on their nutrient content. "Under this policy,P (maximum retail price) is fixed by fertilizer companies as per market dynamics at reasonable level which is monitored by the government. Accordingly, .

UPL stock slumps 11% on weak Q3 performance, triggers downgrades

Weak near-term outlook could worsen cash flows for the company

Ammonia gas leak: Coromandel International Limited shut down temporarily

The leak has been fully plugged and there is no cause for concern, the Tamil Nadu Pollution Control Board (TNPCB) said, following protests by people who sought closure of the plant

High subsidy again skews fertiliser ratio in the kharif season 2023

Fertiliser subsidies account for 47 per cent of total govt subsidies for FY24

Fix fair, remunerative price of Rs 5.5/kg for fermented organic manure: IBA

The Indian Biogas Association (IBA) has made a case for fixing fair and remunerative price of 'fermented organic manure' (FOM) at about Rs 5.5 per kg, excluding the government incentive of Rs 1.5 per kg, to support biogas plants in the country. The government has recently announced the Market Development Assistance (MDA) Scheme, under which the government approved Rs 1,451 crore for promoting organic fertilizers. Under MDA, the bio fertilizer coming out of a biogas plant -- technically known as FOM, the producers get Rs 1.5 for each kg, over and above the sale price of FOM. The IBA in a memorandum to the Ministry of Chemical and Fertilizer said that in the initial phase of improving the end-market linkage of FOM, it is imperative for the ministry to administer the fair remunerative market price for FOM. The IBA suggested a 'floor market price' at par with the Urea Retail Prices (presently at Rs 242 per 45 Kg bag), i.e. approx. Rs 5.5 per kg (exclusive of taxes). The market develop

ICAR bio-fertilisers to improve crop yields, promote organic farming

Implementation of bio-fertilisers can improve crop yields by 10% to 25% and reduce the reliance on costly chemical fertilisers by 20% to 25%

Garuda Aerospace bags 400 Agri Kisan drone order from IFFCO; tally at 10K

Drone manufacturer Garuda Aerospace said on Tuesday it has secured an order of 400 Agri Kisan Drones from Indian Farmers Fertilizer Cooperative Limited (IFFCO). This takes Garuda Aerospace's order book tally to 10,000 drones for this year within the first three months, it said in a statement. "The collaboration between Garuda Aerospace and IFFCO aims to revolutionise the agricultural sector by introducing the Garuda Kisan Drone at the 'IFFCO Drone Yatra' in Karnataka. These state-of-the-art drones will enable farmers to utilise Nano Urea spraying through Precision Agriculture Drones, maximising their efficiency and productivity," it said. According to the statement, IFFCO has launched a nationwide campaign to procure 2,500 'Kisan Drones' as spray solutions for their products -- Nano Urea and Nano DAP. This initiative not only supports the development of around 5,000 rural entrepreneurs trained in drone spraying but also promotes sustainable agriculture and holistic cooperative ...

Food, fuel, fertiliser crisis big challenges for world: PM at SCO summit

"Are we able to meet the modern challenges? Is SCO becoming an organization that is fully prepared for the future?" Modi asked

India looking at low fertiliser subsidy burden, less urea import in FY24

Urea is the most widely consumed fertiliser in the country, which is followed by DAP

Govt approves revision in NBS rate for Rabi season, sets rate for Kharif

Mandaviya also stated that the reduction in fertiliser subsidy of Rs 1.08 trillion for the Kharif season (April-September) will not lead to higher prices for the farmers

IFFCO, Coromandel International to manufacture Nano DAP for 3 years: Govt

Fertiliser cooperative major IFFCO and Coromandel International Ltd (CIL) will manufacture Nano DAP for a period of three years. A notification in this regard was issued on March 2, Minister of State for Chemicals and Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha on Friday. Di Ammonium Phosphate (DAP) is the second most widely consumed fertiliser after urea in the country. The minister further said IFFCO has informed that it is setting up a Nano DAP plant at its Kalol unit, Gujarat with a production capacity of 2 lakh bottles of 500 ml per day. "Nano DAP will be available in the market across the country after commencement of commercial production," he added. On its benefits, the minister shared that preliminary field trials were conducted by IFFCO and CIL on select crops in select institutes of Indian Council of Agricultural Research (ICAR). The report has indicated that with the use of Nano DAP as seed treatment and foliar application, there is a ...

Nano-DAP included in Fertilizer Control Order paving way for early release

DAP is the second most consumed fertilizer in the country after urea and out of the estimated annual consumption of around 10-12.5 mn tonnes; local production is around 4-5 mn tonnes, rest is imported

Ministry of Agriculture approves launch of IFFCO's nano DAP fertiliser

Cooperative organisation IFFCO, which introduced nano liquid urea, said on Friday that the government has approved the launch of its nano DAP fertiliser in the market. IFFCO MD U S Awasthi tweeted that IFFCO's nano DAP has been approved by the Ministry of Agriculture and notified in the Fertiliser Control Order (FCO) based on its encouraging results. "IFFCO will manufacture #NanoDAP; a game changer for Indian agriculture & economy," he tweeted. In December, Awasthi had said IFFCO would soon launch nano DAP at Rs 600 per 500 ml bottle, a move that would help India save foreign exchange and reduce government subsidy significantly. He announced that nano DAP will be sold at Rs 600 per bottle of 500 ml. One bottle will be equivalent to one bag of DAP, which currently costs Rs 1,350. IFFCO was also planning to launch nano potash, nano zinc and nano copper fertilisers, he had said. In June 2021, IFFCO launched nano urea in liquid form as an alternative to conventional urea. It has also

Crisis in multilateralism affecting developing nations most: PM at G20 meet

Modi also pointed out how global supply chains have broken down during times of stress and turmoil

Govt allows fertiliser entities to file bill of entries for urea imports

Fertiliser marketing entities (FME), authorised by the government, have been allowed to file bill of entries at Indian ports for import of urea for agriculture purpose on government account, according to a notification of the commerce ministry issued on Tuesday. This new provision was added in the import policy condition of urea. A bill of entry is a legal document filed by importers or customs clearance agents on or before the arrival of imported goods. "FMEs, authorised by the department of fertilisers, have been allowed to file bill of entries at Indian ports for import of urea (for agriculture purpose) on government account," the directorate general of foreign trade (DGFT) said in notification.

India tweaks gas procurement norms for fertiliser firms to cut cost: Report

The govt has amended the 2015 gas procurement guidelines under which fertiliser plants had to procure 80% of their gas needs through long-term contracts and the balance through three-month tenders

How the Russian war worsened India's fertiliser consumption balance

Researcher says the contributory margin of companies selling and importing MOP is negative due to inadequate subsidies on potash

Govt seeks Parliament nod for net additional spending of Rs 3.25 tn

The move is spurred by a jump in expenditure on fertiliser and food amid the Ukraine crisis

Govt plans pilots on new direct benefit transfer model for fertilisers

Currently, the version of DBT in fertilisers involves farmers purchasing their fertilisers through point of sale (PoS) devices after undergoing Aadhaar authentication

Agri booster: Centre hikes UP fertiliser quota to over 1.7 million tonnes

State farmers to get additional 88,000 tonnes of DAP in current rabi season; 24 railway rakes carrying DAP and NPK expected to arrive in the state within a week