An ACFI-EY report projects that with the right support, India’s agrochemical exports could exceed Rs 80,000 crore in the next four years. Currently, the industry exports more than Rs 43,000 crore, leveraging its competitive edge in quality and affordability to achieve this ambitious target. The report, titled “Indian Agrochemical Industry: Read more
Krishak Bharati Cooperative Limited (KRIBHCO) has appointed M. R. Sharma as its Managing Director, effective 1st September 2024. He will also continue as Director (Technical). Sharma is a Chemical Engineering graduate from IIT Roorkee (1981). He brings over 42 years of experience in the fertilizer industry. His expertise covers ammonia Read more
India’s reliance on urea imports is projected to drop to 10-15%, down from a high of 30% in FY 2021, according to a Crisil Ratings study. This reduction is driven by the launch of new urea production capacities. These plants are expected to achieve regulated returns as utilization rates improve. Read more
Indian fertilizer importer FACT has recently made changes to the closing date of its reissued FACT NPK tender, shifting the deadline from 29 August to 5 September. The tender aims to procure around 40,000t of 15-15-15 grade NPK fertilizer to support India’s agricultural needs. As per the updated timeline, the Read more
Chennai-based Kothari Industrial Corporation is set to expand its fertilizer and footwear businesses, including a major new fertilizer unit with a planned capital expenditure of Rs 7,000 crore. The company is in advanced discussions to establish an NPK (nitrogen, phosphorus, and potassium) unit in Qatar, with potential funding from the Read more
ICL, a leading global specialty minerals company, has signed a five-year agreement valued at approximately $170 million with AMP Holdings Group Co. Ltd., a prominent agricultural distribution company in China. This agreement, set to run until 2028, aligns with ICL’s strategic goal of expanding its Growing Solutions product range and Read more
The Indian Farmers Fertiliser Cooperative (IFFCO), one of India’s largest chemical fertilizer manufacturers, has made a significant investment of Rs 638 crore to establish nano fertilizer production plants in Uttar Pradesh. Substantial economic benefits are expected to be brought to the region by this strategic move, with over 600 jobs Read more
Qatar’s state-owned sulphur producer and marketer, Muntajat/Qatar Energy, has increased the Qatar Sulphur Price (QSP) for September to $125/t FOB Ras Laffan/Mesaieed. This represents a $19/t rise from the August QSP of $106/t FOB, following an uptick in spot market prices. Recent spot tenders from Qatar and Kuwait received multiple Read more
Indian fertilizer importer NFL has closed its urea procurement tender today, with initial reports indicating the lowest bids are around or just under $340 per ton CFR (Cost and Freight) for delivery to the west coast. NFL plans to review and open the technical offers on August 30, with the Read more
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