The government has set a cautious wheat procurement target of 30 million tonnes for the 2025-26 rabi marketing season. This decision comes despite the Agriculture Ministry’s projection of a record-breaking wheat production of 115 million tonnes for the 2024-25 crop year, which spans from July to June. The marketing season Read more
The Indian Farmers Fertilizer Cooperative Limited (IFFCO) is set to transform fertilizer production by establishing two advanced Nano DAP manufacturing units. These facilities will be located in Phulpur and Aonla, each with a production capacity of 36,500 tonnes per day (TPD). This ambitious project is estimated to cost around Rs Read more
NEXTCHEM, part of MAIRE, has announced two major project awards in Canada through its subsidiary Stamicarbon, a global leader in nitrogen fertilizer technology. These projects highlight Stamicarbon’s innovative NX STAMI Urea technology. Low-Carbon Fertilizer Plant in Saskatchewan Stamicarbon will deliver the process design package (PDP) and licensing for a new Read more
In a significant move to stabilize fertilizer prices for farmers, the Indian government extended the additional subsidy on di-ammonium phosphate (DAP) beyond December 31, 2024. This extension aims to maintain the retail price of DAP at ₹1,350 per 50 kg bag. The decision, approved by the Union Cabinet chaired by Read more
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 Read more
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 Read more
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 Read more
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 Read more
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 Read more
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 Read more
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