Urea production jumps by 25.6% during April

Urea production in India increased by 25.6 percent during the first month of the current fiscal year to 23.45 thousand tons, thanks to the revival of four closed public sector plants in Gorakhpur, Sindri, Baruni and Ramagundam. However, sales were down at 11.77 liters in April compared to last year, indicating their convenient availability as farmers usually rush to stock up on pre-sowing crop nutrients in case of shortage.

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Two main fertilizers

According to official data, domestic production of binary ammonium phosphate (DAP) rose 10 percent to 3.68 liters last month from 3.35 liters last year while its imports also jumped 11 percent to 4.54 liters from 4.1 liters. Urea imports also registered a rise, at 2.72 liters from 2.5 liters, up 9 percent.

Urea and DAP Two main types of fertilizers Growers stock up in advance before sowing begins From about June. This year, the government has ensured sufficient availability, so far, which has resulted in normal sales,” said an industry official. After launching the ‘Bharat’ brand fertilizer across the country, companies have also not pushed sales as aggressively as earlier, as The new domestic shipping subsidy policy also contributed to combined sales of all fertilizers remaining roughly on par with last year, an official added.

The government required companies to focus on sales within 500 km of stations so that the government would not have to incur transport subsidies unnecessarily.

Ministry of Planning Sales

Total sales of all fertilizers fell by one per cent to 17.91 liters in April from 18.05 liters last year, but consumption of DAP rose 4 per cent to 3.02 liters from 2.9 liters. Sales of the other major fertilizer, Muriate of Potash (MoP), fell 15 percent to 0.50 liters from 0.59 liters.

Amidst the Ministry of Planning’s high prices, compared to other fertilizers, farmers were expecting rationing Support policy for all nutrients. However, a 37 per cent reduction in potash An executive of one of the producing companies at the Ministry of Planning said that support from the level of fall 2022 and 33 percent of the level of spring 2022 will not help improve its sales, referring to the Cabinet’s decision on Wednesday regarding subsidies for the following fall season.

Imports of the Ministry of Planning fell 32 percent to 1.18 liters from 1.74 liters, and imports of complex varieties (a mixture of nutrients N, P and K) rose 34 percent to 2.97 liters from 2.21 liters.

Smooth display

The Minister of Fertilizers is copied from Mandavia He said that in the past nine years, the government has ensured a smooth supply of fertilizers by entering into long-term supply contracts with 13 countries such as Canada, Jordan and Saudi Arabia. For 70 percent of our (import) requirements, India has a long term contract with 13 countries. Earlier, we used to enter the global market only when we demanded that it would lead to fluctuations in global prices,” Mandaviya said.

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He also confirmed that the retail prices of fertilizers in India are much lower compared to countries like the United States, China, Pakistan, Bangladesh and Indonesia.