-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...
More »Fertiliser subsidy bill in FY'23 seen at Rs 2.3-2.5 lakh cr; may fall 25pc in FY'24: FAI
-Moneycontrol.com The fertiliser subsidy stood at Rs 1.62 lakh crore in the previous financial year. The government's fertiliser subsidy will rise to Rs 2.3-2.5 lakh crore in this fiscal but the bill may fall by 25 per cent in the 2023-24 financial year with moderation in global prices, according to industry body FAI. Fertilisers Association of India (FAI) expressed concern that the fixed cost of urea has not been increased affecting the viability...
More »High fertiliser prices shock farmers even as ministry denies shortage reports -Shagun
-Down to Earth Farmers in different states have protested against unavailability of fertilisers Global rise in fertiliser prices due to shortage has dealt a severe blow to farmers across India, which is the second-largest importer of fertilisers. Many states have seen cultivators erupting in protest, even as the Centre dismissed news of low availability of fertilisers. Dattaraye P Darekar from Vinchur village in Maharashtra is worried about his soybean and maize crops sown...
More »Urea prices go down by up to 45 per cent in global market due to fall in demand -Harvir Singh
-RuralVoice.in Urea prices, which had gone up to as high as nearly $1,000 per tonne, have come down to $550 per tonne. Besides, the price of ammonia, the raw material for urea, has also decreased from $1,100 per tonne to $850 per tonne. India had to buy urea at up to $980 per tonne due to the high prices. It seems the government may get some relief on the subsidy front that...
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