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…
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 enhancing its position in key…
State-owned National Fertilizers Limited (NFL) will help boost India’s fertilizer production. In a regulatory filing on Wednesday, NFL announced that its board approved joining a joint venture proposed by the Department of Fertilizers. The company will hold an 18% equity stake in the new ammonia-urea complex, Namrup IV Fertilizer Plant, in Assam. The Union Budget…
India has reduced the export duty on parboiled rice from 20% to 10%, the government announced in a Friday notification. The decision comes as the country’s rice inventories grow and farmers prepare to harvest a new crop in the coming weeks. This cut in export duty is expected to lower India’s export prices, increase shipments,…
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…
Rashtriya Chemicals and Fertilizers (RCF) has issued a rock phosphate tender for the bulk supply of this critical raw material, which is essential for fertilizer production. The tender is open to domestic and international suppliers, with bids due by October 21, 2024. The RCF rock phosphate tender aims to secure a consistent supply to support…
Indian urea sales have maintained a robust trajectory, hitting an estimated 2.3-2.4 million tonnes (mn t) in the first half of January 2025. This follows a record-breaking 5.2mn t of urea sales in December 2024, showcasing sustained domestic offtake. Provisional data suggests that January sales could exceed 4.5mn t, surpassing the 3.54mn t recorded in…
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 land due to urbanization. The…
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has awarded a contract to thyssenkrupp Udhe India Pvt. Ltd (TKUIPL) for the construction of a 600-million-tonne-per-day (MTPD) or 2,00,000-metric-tonne-per-annum (MTPA) weak nitric acid-III plant on an LEPC (Licensing, Engineering, Procurement, and Construction) basis. Expanding Production Capacity The agreement, approved by GNFC’s board on August 13, 2024,…
Infrastructure giant Larsen & Toubro (L&T) announced on Wednesday that its heavy engineering division has secured significant orders, classified in the ₹1,000 crore to ₹2,500 crore range, in both domestic and international markets. These contracts highlight the company’s robust presence across various sectors, including energy, petrochemicals, and fertilizers. Expanding Global Footprint L&T’s overseas achievements include:…
