Page 3 - Fertilisers

Govt to spend less on farmer fertiliser subsidy as world prices soften

India's budget deficit is projected to be 5.8% of gross domestic product in 2023-24. The government aims to curb the deficit to 5.1% in the next financial year

Seeking balance between controlled, skewed pricing in favour of urea

Some in the industry fear a return of controls while others see positives in a govt circular, but the bigger issue is the skewed pricing in favour of urea

The Red Sea crisis: Imported fertilisers paint mixed price picture

Annual fertiliser subsidy would remain within the FY24 Budget estimate of Rs 1.75 trillion and could have been lower had the crisis not erupted

Eight key infrastructure sectors growth up at 12.1% in October: Govt data

All the sectors except for fertiliser recorded healthy production growth in the month under review

Imports from Russia up 64% to $36.27 bn in Apr-Oct; crude, fertiliser tops

India's imports from Russia rose 64 per cent to USD 36.27 billion during the April-October period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first seven months of this fiscal. The imports were USD 22.13 billion during April-October 2022. From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40 per cent. India, the world's third-largest crude importer after China and the United States, has been buying Russian oil after some countries in the West shunned it as a means of punishing Moscow for invading Ukraine. The ministry's data showed that imports from China dipped marginally to USD 60.02 billion during the period against USD 60.26 billion in the year-ago period. Similarly, imports from the US declined 16 per cent to USD 24.89 billion

Fertilisers & diamonds may be hit slightly due of Mideast crisis: Crisil

Domestic credit ratings agency Crisil on Tuesday said some sectors such as fertilisers and diamonds may be slightly impacted by the conflict in the Middle East. On a broader basis, the conflict has caused only a negligible disruption in India's trade so far, it said in a note. Some sectors such as fertilisers and diamonds both cut and polished may see a slight, but manageable, impact, while for most others impact will be insignificant, it said. However, it said that the conflict which started after the surprise October 7 attacks by Hamas against Israel has driven up prices of gold and crude oil which need to be watched. It said crude oil price movements are especially important for a country like India which depends on imports, and added that elevated crude oil prices have a cascading impact on a host of other sectors that consume the oil itself or linked raw materials. The agency said India's trade with Israel is relatively low, with the country accounting for only 1.9 per ce

Govt approves NBS rates for Rabi season on phospatic, potassic fertilisers

An expenditure of Rs 22,303 crore is expected on the Nutrient Based Subsidy (NBS) in the upcoming Rabi season

Cabinet approves Rs 22,303 cr subsidy on P&K fertilisers for Rabi season

The Union Cabinet on Wednesday approved Nutrient Based Subsidy (NBS) rates for Rabi season, 2023-24, on Phosphatic and Potassic (P & K) fertilizers to ensure the availability of fertilisers to farmers at "subsidised, affordable and reasonable" rates.Briefing the media on the decisions of the union cabinet, Information and Broadcasting Minister Anurag Thakur said the decisions are expected to entail an expenditure of Rs 22,303 crore."Subsidy for the Rabi season from October 1, 2023 till March 31, 2024, will be like this - for the nitrogen it will be Rs 47.2 per kg, phosphorus will be Rs 20.82 per kg, potash subsidy will be Rs 2.38 per kg and the sulphur subsidy will be Rs 1.89 per kg," he said."The subsidy will continue because when international prices rise, the government does not want it to impact our farmers in the country... Subsidy on DAP will continue...DAP will be available for Rs 1350 per bag as per the old rate. The NPK will be available at Rs 1,470 per bag," he added.

Technology boost set to spur agricultural production in Rajasthan

An agriculture department official said that, according to the proposal, around Rs 21 crore will be given as subsidy to the farmers to use improved technology

India's carbon credit trading scheme spins a maze of regulatory complexity

A complex and unwieldy regulatory and monitoring process could raise the costs for Indian companies

Farmer's to get a bird's eye view: IFFCO to purchase 2,500 agri drones

Company will give them to 5,000 select entrepreneurs free of cost and train them for use

Core sector output slows to 3-month low of 6% in Feb, crude production dips

Six of eight key infrastructure industries report sequential deceleration

India has adequate fertiliser stocks for summer-sown crops: Minister

"There will be no shortages of fertilisers in the kharif season. We have adequate stocks, and our companies have made arrangements in advance," Mansukh Mandaviya said

India's Apr-Feb fertiliser imports from Russia highest in 3 yrs: Govt data

India imported 34.19 lakh tonnes of fertilisers, including urea and DAP, from Russia during April-February of the current fiscal, highest in the last three years, according to the data placed before Parliament. The imports have risen notwithstanding the Russia-Ukraine war. "....import of urea in the current year up to February (during the ongoing Ukraine war) is more than double as compared to the previous year," Minister of State for Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha. Out of total fertiliser import of 34.19 lakh tonnes, about 6.26 lakh tonnes of urea was imported till February of the ongoing 2022-23 financial year, as against 2.80 lakh tonnes imported during the entire previous fiscal, he said. Apart from urea, Di-Ammonium Phosphate (DAP), Muriate of Potash (MoP) and NPK were the other fertilisers imported from Russia. DAP imports stood at 7.65 lakh tonnes, MoP at 0.43 lakh tonnes and NPK at 19.85 lakh tonnes during April-February period of th

IFFCO to export nano urea to 25 nations, expects 30 cr bottles output: MD

Fertiliser major IFFCO Ltd is eyeing nano urea exports to 25 countries and expecting that output is likely to be 30 crore bottles by December 2024, a top company official said on Tuesday. The company is currently exporting the fertiliser to five countries, he said. "We have already produced six crore bottles of 500 ml each and have sold five crore units to farmers, which is equivalent to 22 lakh tonne of solid urea or conventional urea...We are already exporting to Sri Lanka, Nepal, Kenya, Suriname and Mexico," Indian Farmers Fertiliser Cooperative (IFFCO) Managing Director US Awasthi told PTI in an interview. After Prime Minister Narendra Modi inaugurated the world's first nano urea plant at Kalol in Gujarat last year, the company is exporting the fertiliser product, which has the potential to cut down the use of conventional urea, the most used Nitrogenous fertiliser, by 50 per cent or more, to the five nations, he said. Nano urea samples have been sent to 25 other countries and

Fertilisers and Chemicals Travancore's Q3 net up two-fold to Rs 165.79 cr

Profit and turnover for the corresponding nine months of the previous year was Rs 119.84 crore and Rs 2,732.25 crore, respectively

India imports 15.27 million ton fertilisers till Dec in this fiscal: Centre

India imported 152.7 lakh tonne of fertiliser, including urea and P&K, till December of the current fiscal, Parliament was informed on Friday. Sharing data in his written reply to the Lok Sabha, Minister of State for Chemicals and Fertilisers Bhagwant Khuba said: "The country imported 62.44 lakh tonne of urea and 90.26 lakh tonne of phosphatic and potassic (P&K) fertilisers during April-December period of the current fiscal". Among P&K fertilisers, the country imported 53.18 lakh tonne of Di-ammonium phosphate (DAP), 16.22 lakh tonne of Muriate of Potash (MoP) and 20.86 lakh tonne of NPK soil nutrients till December of the current fiscal. In the case of domestic production, the minister said the country's total fertiliser production reached 362.73 lakh tonne during the April-December period of this fiscal. This includes 210.98 lakh tonne of urea and 151.75 lakh tonne of P&K fertilisers. During 2021-22, the total domestic fertiliser production stood at 435.95 lakh ...

Small farmers must get fertilisers, market at lower cost: R K Singh

Asked why India is continuing to import cheap Russian gas despite international opprobrium, Singh said India imports less gas from Russia in a month than Europe does in a day

Cost advantages

Nano-fertilisers will reduce subsidy outgo

CGD, fertilisers to drive demand for domestic natural gas: CRISIL

The growth is in line with the government's target to increase the share of natural gas in its energy mix to 15 per cent by 2030 as part of its environmental commitments