IFFCO, a leading name in the fertiliser industry, is seeking government approval to launch its latest innovation—nano NPK fertiliser. This development follows the successful introduction of Nano Liquid Urea in June 2021 and Nano Liquid DAP in April 2023. A Step Towards Innovation IFFCO’s Managing Director, U.S. Awasthi, announced that the cooperative plans to launch…
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 bids in the $120s/t FOB…
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…
Indian wheat prices soared to a record high on Monday, driven by dwindling supplies and strong demand from flour mills struggling to operate at full capacity. Industry officials shared these insights with Reuters. Inflation and Economic Implications The surge in wheat prices is expected to push retail inflation higher. While inflation had eased in November…
In the competitive fertilizer sector, Hindustan Urvarak & Rasayan Limited (HURL) recently announced the HURL DAP and TSP Tender for the import of Di-Ammonium Phosphate (DAP) and Triple Super Phosphate (TSP) at the West Coast of India (WCI). This tender generated significant attention within the industry, particularly due to the due date of October 23,…
