DAP
Assam's Namrup to get two nano urea plants: Sarbananda Sonowal
Union Minister Sarbananda Sonowal met with Union Minister JP Nadda to discuss expanding the Brahmaputra Valley Fertiliser Corporation Ltd in Namrup. Sonowal urged Nadda to expedite Nano Urea Plant projects within the BVFCL compound. Nadda assured a Rs 500 crore investment to modernize and develop the fertiliser facility, boosting local industry in Assam.
Coromandel unveils nano fertiliser plant in Andhra Pradesh
Coromandel International Ltd has launched a nano fertiliser plant at its Kakinada facility, aiming to revolutionise Indian agriculture with energy-efficient technologies. The plant, with an annual capacity of one crore bottles, will produce nano fertilisers to enhance nutrient delivery and absorption by plants. Marketed under the 'Gromor Nano' brand, these products have been developed through the company's in-house R&D center and have undergone extensive farmer trials.
Indian fertilizer industry on track to reach Rs 1.38 lakh cr by 2032 amidst robust growth and strategic innovations
In 2023, the Indian fertilizer market size stood at Rs 94,210 crore, driven by increased agricultural demands and strategic governmental interventions.
Drone Destination signs pact with IFFCO for spraying agri products on 30 lakh acres of farm land
IFFCO and Drone Destination collaborate on a significant deal to enhance agricultural productivity through drone spraying across 30 lakh acres. The partnership aims to revolutionize Indian agriculture with innovative technologies and products.
Coromandel International to invest Rs 1,000 cr to set up plant in Andhra Pradesh
Coromandel International, which is mainly in the fertiliser business, will invest Rs 1,000 crore to set up a plant to produce phosphoric and sulphuric acid at Kakinada in Andhra Pradesh. In a regulatory filing, the company said it has "commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility at Kakinada".
Govt notifies specifications of IFFCO's Nano Urea Plus
The Indian government has approved a new product, 'Nano Urea Plus', to be manufactured by cooperative IFFCO in the next three years. The product, which has a 16% nitrogen content, is designed to meet crop nitrogen requirements at critical growth phases. IFFCO will manufacture the product for three years, replacing conventional urea with a more nitrogen-rich version.
India to stop importing urea by 2025 end: Mansukh Mandaviya
Asked about achieving self-sufficiency in urea production, Mandaviya said the Modi government has adopted a two-pronged strategy to end dependency on urea imports.
Volume for complex fertilisers to grow 4-5% next fiscal: CRISIL
Domestic sales of complex fertilisers in India are expected to grow by 4-5% in fiscal year 2025, driven by a normal monsoon and stable retail prices, according to a report by CRISIL. The growth rate for these fertilizers was 7-8% in fiscal year 2024, but the operating profitability of fertiliser makers is expected to decline by 30-35% this fiscal year. The report predicts that profitability will rebound next fiscal year due to stable raw material prices and revised nutrient-based subsidy rates.
Unnati Agri ties up with IFFCO for ‘channel financing'
Unnati Agri partners with IFFCO to offer channel financing solutions to 76,000 channel partners across India. Through Unnati Agri's collaboration with non-banking financial companies, including Ora Finance, the digital credit facility enables channel partners to procure larger stock quantities from IFFCO. This empowers them to deliver quality agricultural products to farmers promptly. The partnership supports IFFCO's initiatives in promoting innovative technology-based fertilizers for sustainable farming practices, starting initially in Uttar Pradesh, Bihar, Maharashtra, Telangana, and Andhra Pradesh.
Govt allocates Rs 1.64 lk cr towards fertiliser subsidy for FY25 in Budget, 13% lower YoY
The Finance Ministry has allocated Rs 1.64 lakh crore for fertiliser subsidy in the upcoming financial year, which is 13% lower than the revised estimate for FY24. The Union Budget for FY24 had allotted around Rs 1.75 lakh crore towards fertiliser subsidy. Fertiliser subsidies account for approximately one-ninth of India's total budget expenditure. The subsidy burden rose in the previous financial year due to skyrocketing global prices.
Interim Budget 2024: Govt to launch new scheme to fuel deep-tech innovation in defence
Interim Budget 2024: A new scheme will be launched to strengthen deep tech for the defence sector, Finance Minister Nirmala Sitharaman said. Presenting the interim Budget 2024-25, Finance Minister Nirmala Sitharaman also said the government will promote public and private investment in post-harvesting agriculture activities.
Govt issues guidelines to evaluate reasonableness of non-urea fertiliser prices
For importers of P&K fertilisers, including di-ammonium phosphate (DAP) and Muriate of Potash (MoP), the profit margin allowed is 8 per cent. It has permitted 10 per cent profit for manufacturers and 12 per cent for integrated manufacturers. Unreasonable profit earned by the company will have to be refunded, or else it will be recovered by the ministry or adjusted with the future subsidy payment, as per the guidelines.
Need for subsidy Or increase in MRP of DAP as global prices rise: FAI
The DAP at Rs 1,350 per bag of 50 kilograms, at present, however, the international prices are elevated to $ 595 per tonne from $ 440 per tonne in July this year.
Rise in global prices of DAP fertilisers affecting viability, may need higher subsidy or MRP: FAI
The Fertiliser Association of India (FAI) pointed out a recent rise in global Di-ammonium phosphate (DAP) prices, suggesting a need for increased government subsidies or retail prices if the elevated international rates persist. Presently, fertiliser companies are selling DAP at Rs 1,350 per 50-kilogram bag. FAI Chairman N Suresh Krishnan noted that global DAP prices rose from USD 440 per tonne in July to USD 595 per tonne.
IFFCO and CIL to manufacture Nano DAP for 3 years
The product is a nano-sized version of the most commonly used fertiliser, Di Ammonium Phosphate (DAP). Preliminary field trials have shown that the product can be used to save granular DAP conventionally applied. Nano DAP is the second product from the nano stable after nano urea that is being promoted in a big way by the government to cut subsidies and promote efficient use of plant chemicals.
India's Apr-Feb fertiliser imports from Russia highest in 3 years at 34.19 lakh tonnes
In the current fiscal, India imported 34.19 lakh tonnes of fertilisers, including urea and DAP, from Russia. This is the highest in the last three years, despite the Russia-Ukraine war. The imports have risen notwithstanding the war, due to increased demand for these fertilisers in the country. The government has taken several measures to boost the domestic urea production, but still relies on imports to meet the gap.
Govt okays launch of nano liquid DAP fertilisers; will benefit farmers: Mansukh Mandaviya
On Friday, IFFCO managing director U S Awasthi tweeted that the IFFCO Nano DAP has been approved by the ministry of agriculture and notified in the Fertiliser Control Order (FCO) based on it's encouraging results. "IFFCO will manufacture #NanoDAP; a game changer for Indian agriculture & economy," he tweeted.
Coromandel International develops nanotechnology-based fertilizer
"Application with the government for the commercial release of Nano DAP is in the advanced stage of approval," the company said in a statement here.
Govt sets up task force to promote SSP fertiliser
The government is promoting the combination of SSP and urea in the ratio of 3:1 in order to encourage its use among farmers.
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