Above-normal monsoon this year has seen surge in kharif planting, driving up fertiliser demand, but heavy rains in northern states have also ruined standing crops, while floods have killed hundreds
India's specialty fertiliser industry is bracing for renewed supply challenges as China prepares to reimpose export restrictions from October, potentially triggering price hikes that will directly impact farmers, a senior industry official said on Saturday. The temporary resumption of Chinese specialty fertiliser exports has provided short-term relief, but this reprieve will be brief as Beijing plans to tighten export controls through increased inspections and consignment delays from next month. "It's a temporary fix because China is closing the export window from October. They will be closing it for the entire world market, not only for India," Rajiv Chakraborty, President of the Soluble Fertilizer Industry Association, told PTI in an interview. While issues between India and China appear resolved for now, the restriction pattern is expected to resume. "Once they stop the supplies or they start restricting the supplies, they don't stop it completely. They restrict it by imposing ..
Fertiliser manufacturer Paradeep Phosphates Ltd (PPL) plans to invest over Rs 1,500 crore in capacity expansion over the next three years, targeting sales of 3 million tonnes in FY26 as it seeks to double its market share in India's 20-million tonnes phosphatic fertiliser sector. The Bhubaneswar-headquartered company, which reported nearly Rs 14,000 crore turnover in FY25, aims to increase its market share from 12 per cent to 25 per cent by expanding production capacity from 2.6 million tonnes to 3.7 million tonnes by 2026. "Fertiliser sales have really picked up early this season with robust growth at retail and farmer levels. The water availability across our marketing areas has been quite good," PPL Managing Director and CEO Suresh Krishnan told PTI in an interview. The PPL's expansion strategy centres on the amalgamation of Mangalore Chemicals & Fertilizers Ltd (MCFL), expected to close in the third quarter of the current financial year. This acquisition will add 7,00,000 ...
Union minister Shivraj Singh Chouhan on Saturday said the central government is making efforts to ensure timely and adequate availability of fertilisers, and increase per-hectare agricultural productivity. Chouhan was speaking at an event here on the occasion of the release of the 20th installment of the PM KISAN Samman Nidhi. The interest of the country's farmers is of paramount for us. Serving farmers as the agriculture minister is like worshiping God for me. Agriculture is the backbone of India's economy and farmers are its soul, he said. He emphasised efforts to increase per-hectare agricultural productivity, especially in low-yield regions, through initiatives like the Pradhan Mantri Dhan-Dhaanya Yojana. Chouhan also assured farmers of timely and adequate availability of fertilisers and pesticides, and underscored various schemes aimed at compensating crop losses. The direction of research in the agriculture sector will now be determined not from Delhi, but from villages and
Union Agriculture Minister Shivraj Singh Chouhan has written to state CMs to end the forced tagging of nano-fertilisers with conventional products and take action against counterfeit fertilisers
Sailesh Mehta urges clearer subsidy mechanism, market-based urea pricing, and Direct Benefit Transfer to resolve imbalances and revive fertiliser sector investment
Deepak Fertilizers and Petrochemicals Corp Managing Director Sailesh C Mehta has been elected as the new chairman of the Fertiliser Association of India (FAI). Earlier, N Suresh Krishnan, Managing Director of Paradeep Phosphates Ltd, was the chairman of the fertiliser body. With over four decades of experience in the industry, Mehta also served as the Chairman of the FAI for the western region for over five years, an official statement said. He is also the chairman and Managing Director of Mahadhan AgriTech Ltd, a subsidiary of Deepak Fertilizers and Petrochemicals Corporation Ltd (DFPCL). "I am truly privileged to serve as a bridge between government, industry, and farmers acting as a catalyst to elevate Indian farmer and farm productivity on the world map," he said. India's journey from food scarcity to global agri-exporter has been remarkable. The fertiliser industry continues to play a vital role in this journey, now with a focus on more balanced and nutrient-efficient ...
IFFCO reports Rs 2,823 crore FY25 net profit with strong nano fertiliser sales but flags slow adoption; turnover grows 4.5 per cent to Rs 41,244 crore
Fertilizer major IFFCO on Thursday reported a 16 per cent increase in net profit to Rs 2,823 crore and a 4.5 per cent growth in turnover to Rs 41,244 crore during the last fiscal on higher sales of conventional soil nutrients as well as nano liquid urea and nano liquid DAP. It had posted a net profit of Rs 2,443 crore and turnover of Rs 39,474 crore in the 2023-24 fiscal. Cooperative IFFCO Managing Director U S Awasthi highlighted that sales of nano fertilisers rose 46 per cent last fiscal to 364.41 lakh bottles (of 500 ml each) but rued that "growth in sale volumes is not as per the expectation". Asserting that the nano fertilisers are effective if application is done in prescribed manner, he said the cooperative is focusing on creating awareness about the benefits of the new products. It is investing a lot on purchasing drones for spraying nano liquid. He said the cooperative has got a good response for nano-fertilisers in overseas markets, including Brazil and the United ...
The government's "outdated" fertiliser regulations are creating an uneven playing field, favouring Chinese imports over domestic manufacturers and undermining the "Make in India" initiative, industry bodies said on Tuesday. The fertiliser control framework's concurrent naturegoverned by both central and state authoritieshas led to numerous amendments but has struggled to keep pace with evolving domestic needs and global developments, gradually coming to be seen as a relic of the legacy "Inspector Raj" and "License Raj", they said. The industry bodies called for comprehensive reforms including implementing "One Nation, One Licence" policies, ensuring regulatory parity between domestic and foreign manufacturers, and capping inspector numbers to two per unit. The Soluble Fertilizer Industry Association (SFIA), in a statement, said a major public sector enterprise recently issued tenders for soluble fertilisers that explicitly excluded "Made in India" products, highlighting how current
Suresh Kumar Ola, the state's agriculture commissioner, said that the quality control campaign will be run till July 10
The special incentive as well as the increase in NBS rates has also meant that DAP is now the second fertiliser, the other being urea, fpr which the Centre is keeping its prices artificially low
The Oil Industry Development Act allows for the OIDF money to be utilised for fertilisers
Sources said that the unofficial cap on prices has been lifted and companies have been permitted to raise DAP and other complex rates by a specified amount
A mapping of India's soil health has shown that almost 90 per cent of the land is deficient in nitrogen and phosphorus, and 50 per cent in potassium
Move aims to highlight Centre's electric mobility schemes and ensure greater transparency
Shivraj Singh Chouhan had assumed charge of Union Minister of Agriculture and Farmers Welfare under Prime Minister Narendra Modi's new Cabinet on June 11
Shares of fertiliser companies rose up to 7 per cent on the BSE in Monday's intra day deal amidst healthy monsoon predicted by IMD
The government has notified specifications of a new product 'Nano Urea Plus' fertiliser to be manufactured by cooperative IFFCO in the country for the next three years. Nano Urea Plus is a new version of nano urea meant for meeting crop nitrogen requirements at critical growth phases. As per the gazette notification, the government has approved Nano Urea Plus in liquid form with 16 per cent nitrogen content and pH value of 4-8.5 and viscosity of 5-30. This product will be manufactured by the cooperative major IFFCO for a period of three years, it said. "IFFCO's Nano Urea Plus is an advanced formulation of Nano Urea in which nutrition is redefined to meet crop nitrogen requirements at critical growth phases. It is used in place of conventional urea and other nitrogenous fertilisers for promoting soil health, farmer's profitability & sustainable environment," IFFCO Managing Director and CEO U S Awasthi said on a social media platform X. It also enhances the availability and ...
India's conventional urea consumption is estimated to decline 25 lakh tonnes this fiscal on increase in demand of nano liquid urea and the government's efforts to discourage use of chemical fertilisers, Union Minister Mansukh Mandaviya said on Friday. Chemicals and Fertilisers Minister Mansukh Mandaviya also highlighted that the Cabinet on Thursday approved a Rs 24,420 crore subsidy on Phosphatic and Potassic (P&K) fertilisers for the kharif season. The prices of all fertilisers, including urea and Di-ammonium phosphate (DAP), will not increase, he said. "The Modi government has made a lot of efforts to promote alternate fertilisers and discourage use of chemical fertilisers. The use of nano liquid urea is also gaining momentum," Mandaviya said. As a result, the minister said, "The consumption of urea in 2023-24 is estimated to decline by 25 lakh tonnes." Mandaviya said the urea consumption stood at 357 lakh tonnes during FY23. "During April-January period of this fiscal, the ...