Coromandel International Limited is expanding its backward integration strategy to strengthen raw material security. The company has already set up sulphuric and phosphoric acid plants at its Visakhapatnam unit, which improved self-sufficiency and cut costs. Now, Coromandel is building a 2,000 TPD sulphuric acid plant and a 650 TPD phosphoric acid plant at Kakinada. This…
The Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fertilizers for the upcoming Rabi Season 2024. This important decision, proposed by the Ministry of Chemicals & Fertilizers, ensures that farmers will have access to fertilizers at affordable prices from…
Commerce and Industry Minister Piyush Goyal has urged India to build a resilient and self-sufficient agricultural supply chain. His remarks come amid rising concerns over the availability of essential farm inputs due to global disruptions. Focus on Domestic Production of Key Farm Inputs Speaking at the ICC Krishi Vikram Thematic Session in New Delhi, Goyal…
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 Prime Minister Narendra Modi, is…
Norwegian agricultural leader Yara has embraced biomethane as a sustainable substitute for natural gas in ammonia production. This shift slashes the carbon footprint by 75% compared to traditional methods reliant on fossil fuels. Yara targets an annual output of 6,000 to 7,000 tonnes of sustainable ammonia, sufficient for producing 15,000 tonnes of fertilizer per year….
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 begins in April 2025. The…
