The government has approved separate proposals to procure one cargo of Liquefied Natural Gas (LNG) and 1,30,000 metric tons of fertiliser to meet the country’s growing demand. The approvals were granted during the 18th meeting of the Advisers Council Committee on Government Purchase (ACCGP), chaired by Adviser to the Ministry of Finance Dr. Salehuddin Ahmed,…
Bangladesh has signed a two-year agreement to import 400,000 tons of diammonium phosphate (DAP) fertilizer annually from Saudi Arabia, as announced by the Bangladesh Agricultural Development Corporation (BADC) on Sunday. This deal is part of the South Asian nation’s efforts to strengthen food security amid rising demand and decreasing arable land due to urbanization. The…
Indian fertilizer Demand is set to grow by 2%-3% in FY25, thanks to a good monsoon, higher crop prices, and expanded farmland. Raw material costs have stabilised after the FY23 spike, and gas prices have eased. While India progresses toward self-sufficiency in Urea, it remains heavily reliant on imports for DAP, which faces reduced availability…
Fertilizer prices in 2024 showed a stable trend after significant declines in 2023, but they remain higher than pre-pandemic levels. The stabilization reflects a balance between global supply and demand dynamics, alongside geopolitical influences. The Journey from 2021 to 2024 In 2021 and 2022, fertilizer prices soared to unprecedented levels due to supply chain disruptions….
Strategic Sourcing for Fertilizer Security Rashtriya Chemicals and Fertilizers (RCF), a leading public sector enterprise in India, is exploring opportunities to secure Rock Phosphate supplies from Mauritania. Meanwhile, other Indian fertilizer companies are finalizing agreements with suppliers in Togo. These efforts reflect India’s strategic focus on maintaining a steady supply of essential crop nutrients. Government’s Role…
KBR has announced that it will provide its advanced ammonia technology for KazAzot’s first world-scale fertilizer complex in Kazakhstan. The plant, located in Aktau, will produce 2,000 metric tons of ammonia per day. As part of the project, KBR will offer a complete package of solutions. This includes a technology license, proprietary engineering design, equipment,…
SIA Linas Agro, a subsidiary of AB Akola Group, has acquired 100% of SIA Elagro Trade, a Latvian agricultural company. The deal was approved by the Competition Council of Latvia. Initially valued at €22 million, the final transaction amount rose to €25.5 million. This increase was due to higher-than-expected net working capital at the closing…
Major Investment in Panagarh Plant Matix Fertilizers and Chemicals, a leading urea producer in India, has revealed plans to invest ₹7,500 crore in a brownfield expansion at its existing plant in Panagarh Industrial Park, West Bengal. The expansion aims to double the company’s urea production capacity, further cementing its leadership in the fertilizer sector. Consistent…
Madras Fertilizers Limited (MFL) is taking a major step towards self-sufficiency in fertilizer production by expanding its facilities. The company plans to establish a new Ammonia and Urea Complex at its site in Manali, Chennai. To begin the project, Madras Fertilizer invited online bids to prepare a Pre-Feasibility Report (PFR). The bid submission deadline is…
Rashtriya Chemicals and Fertilizers Ltd. (RCF), one of India’s leading public sector enterprises in the fertilizer industry, has issued a tender for the supply of 50,000 metric tons (MT) of Di-Ammonium Phosphate (DAP). This tender supports RCF’s ongoing efforts to ensure a steady supply of fertilizer for the upcoming agricultural season. Key Tender Details: Product:…
