Indian fertilizer producer and importer Rashtriya Chemicals and Fertilizers (RCF) has received bids from seven trading firms in its tender for phosphate rock and NPS 20-20-0+13S, which closed today. The bidders include TLI Tradelink, Sun International, Agrifields, Aditya Birla, Indagro, Midgulf International, and Hexagon Fertilizers Asia. The company is reviewing Read more
India’s fertilizer market witnessed a notable shift this year, with the decline in Di-Ammonium Phosphate (DAP) sales paving the way for increased demand for other fertilizers. Among these, Muriate of Potash (MOP) recorded the highest growth, signaling a significant change in farmers’ preferences. Decline in DAP Sales DAP sales saw Read more
India’s Fertilizer Imports statistics for April to December 2024 reveal a noticeable decline compared to the same period in 2023. The total imports stood at 23.54 million metric tons (MMT), marking a reduction from 25.56 MMT in the previous year. Despite the overall decrease, Paradip Port emerged as the leader, handling Read more
The government’s subsidy expenditure for FY25 is set to surpass budgeted estimates due to higher-than-anticipated costs associated with food, fertilizers, and petroleum. In the current fiscal year, the government had initially allocated ₹3.8 lakh crore for major subsidies. However, multiple factors have pushed this figure upward, with the overall subsidy Read more
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