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…
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…
In a major step to revive Assam’s fertilizer industry and strengthen its agricultural sector, the Assam Cabinet approved the purchase of a 40% equity stake in Brahmaputra Valley Fertilizer Corporation Limited (BVFCL). Consequently, this decision clears the way for establishing the Rs 10,601 crore Namrup Fertilizer Plant-IV. Government Partnership for Namrup-IV Project “The Central Government…
In a significant address on the ongoing fertilizer crisis, Indian Farmers Fertiliser Cooperative Limited (IFFCO) Chairman, Dilip Sanghani, discussed the acute shortage of liquid fertilizer in the country. He attributed the crisis to China’s decision to halt fertilizer exports, a move that has disrupted India’s agriculture sector. Speaking to the media, Sanghani stated, “50 %…
India is grappling with a severe shortage of Di-Ammonium Phosphate (DAP), a critical fertilizer for crops like wheat and mustard. The crisis is hitting hard in agriculturally dominant states like Punjab, Haryana, and Uttar Pradesh. Let’s explore what’s behind the shortage and how it’s affecting farmers. Why is There a DAP Shortage? The shortage stems…
In a significant development aimed at bolstering bilateral trade, Russia has expressed its readiness to ramp up fertilizer exports to India. This move comes after positive discussions with Indian counterparts regarding potential import tariff reductions. Dmitry Volvach, Russian Deputy Minister of Economic Development, highlighted the strategic importance of this partnership during the 15th India-Russia Business…
India has taken a major step towards self-reliance in fertilizer production with the establishment of six advanced urea manufacturing units. These units, set up under the New Investment Policy, each have a production capacity of 12.7 lakh metric tonnes (MT) annually. Together, they add a massive 76.2 lakh MT to the country’s total urea output….
For the ongoing Rabi 2024-25 season, the Department of Agriculture & Farmers Welfare (DA&FW) has assessed the national requirement for Diammonium Phosphate (DAP) at 52.05 lakh metric tons (LMT). As of December 3, 2024, the government has made significant progress in meeting this demand. Current Availability and Sales of DAP The pro-rata requirement of DAP…
