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India seeks discount in rare one-year urea import tender, say sources -Nidhi Verma

-ThePrint.in New Delhi: India has issued a global urea tender asking producers to quote a discount for the supply of 600,000 tonnes of urea, industry sources said and a document shows, as the nation seeks to cut import costs and secure cheaper supplies of the soil nutrient. India, where soil nutrients are sold at below market rates, annually Imports urea through tenders by authorised companies such as India Potash Ltd, Rashtriya Chemicals...

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India set to sign deals to secure fertiliser Imports India -Zia Haq

-Hindustan Times Indian fertiliser and chemical companies have also accelerated investments in several mineral rich North African nations so as to hedge against price spirals and volatility. New Delhi: India is on the verge of signing long-term deals with several countries to secure fertilizer Imports, critical for food security amid increasing geopolitical uncertainties , a government official said, requesting anonymity. Union chemicals and fertilisers minister Mansukh Mandaviya is set to travel to Morocco...

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People’s Commission Calls for National Fertiliser Policy to Reduce Imports, Strengthen CPSEs

-Newsclick.in There is need to build up self-reliance by nurturing the fertiliser CPSEs, rather than dismantling them through disinvestment and privatisation, read the PCPSPS statement. New Delhi: Amid concerns over global availability and growing demand for fertilisers, as well India’s dependence on urea import, the People's Commission on Public Sector and Public Services (PCPSPS) has called for a national fertiliser policy, consistent with the long-term food security strategy in India. “The national fertiliser...

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Exports rise marginally at 0.6% in November, trade deficit hits 7-month low

-Moneycontrol.com Exports in April-November amounted to $295.26 billion, up 11.1 percent, while Imports were 29.5 percent higher at $493.61 billion India's merchandise exports posted a marginal increase in November on a year-on-year basis to $31.99 billion, data released by the commerce ministry on December 15 showed. The rise in exports in November was a mere 0.6 percent. The latest trade numbers come after data released last month showed exports contracted 17 percent in October...

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Why are India’s slowing exports a cause for concern? -K Bharat Kumar

-The Hindu How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports? The story so far: India’s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October Imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit...

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