-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...

There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

-The Hindu Business Line Some manufacturers have hiked prices, others await clarity on the situation New Delhi: The fertiliser industry is not hopeful of an increase in subsidies from last year’s level for non-urea crop nutrients despite global prices shooting up sharply. Several companies have increased the maximum retail price (MRP) of fertilisers, while some others are waiting for clarity. The recent farmers’ movement and the farm leaders’ unsuccessful dabbling in electoral politics...

-Down to Earth Urea subsidy cut 17%; allocation for NPK subsidy reduced 35%  Amid acute shortage of fertilisers in India, Union finance minister Nirmala Sitharaman February 1, 2022, reduced subsidy on urea and nutrient-based (NPK) fertilisers. The move is expected to adversely hit the ailing farm sector. The Rs 63,222.32 crore allocation for urea subsidy in her Budget for 2022-23 was 17 per cent lower than the revised estimates (RE) for 2021-22. Another...

-IANS/ The Shillong Times New Delhi: Union Agriculture Minister Narendra Singh Tomar on Thursday asked the states to plan in advance for their fertilisers needs and provide estimates to the Centre so that the Fertiliser Department can timely provide sufficient amount. He also suggested that states should increase the use of NPK and liquid urea and reduce the dependence on DAP fertilisers. Tomar was speaking at the National Conference on Agriculture for Summer...