Companies in the private sector remain wary of committing large investments to urea manufacturing
State-owned Solar Energy Corporation of India has given a record 11th extension to its 724,000-tonne green ammonia tender, with the last date for submission of bids now set as July 10 (online) and July 14 (offline).
The MDA scheme, aimed at promoting organic fertilisers and manure, is set to get an increased allocation of Rs 150 crore, up from Rs 100 crore in FY25
The government will be aided in this by the fact that input costs have come off record highs, and a further boost to domestic urea production will also help. Moreover, according to a World Bank report, 'a resumption of China’s exports and lower-than-expected crop prices could contribute to further declines in fertiliser prices'.
Production of the widely used crop nutrient increased by 63.4 lakh tonnes in the last two fiscal years
In line with its goal of eliminating urea imports by 2025, the government is scaling up Nano-Urea production to achieve self-sufficiency in urea production
In an interaction with PTI, the minister noted that the availability of fertilisers is very important for Indian agriculture.
Budget 2024: A number of initiatives, including increasing urea production capacity in the country and making available urea substitutes, are expected to bear fruit and reduce the government’s urea import bill
Price of widely used urea dropped 52.7 percent in June 2023 quarter
The sulphur coated urea is likely to be approved by the Union Cabinet soon, a government official said.
The fall in raw material prices accelerated since the Union Budget on February 1
Bureaucrats are micro-managing the operations of urea plants through the New Pricing Scheme. This is the surest way to scuttle any initiative to cut costs and improve efficiency
Nano urea enhances the nutritional quality and productivity of a crop and is believed to be environmentally safe
The estimated time required to prepare stand-by-urea reactor (XUR-102) for lining up after following all statutory checks will be 12 days.
The minister said the government has already imported 16 lakh tonnes of urea, which will be shipped in the next 45 days.
The latest updates from the world's largest fertiliser manufacturers indicate healthy global demand and constrained supplies of key crop nutrients
A rapid rise in gas prices drove up production costs even as major producers curbed exports, crimping supplies and making farmers unhappy
Farmers from some of the biggest agricultural states including Rajasthan, Punjab, Haryana and Karnataka are facing a severe shortage, mainly of Di-ammonium Phosphate (DAP) fertilizers.
Urea sales increased by 67 per cent to 64.82 lakh tonnes while the demand for DAP jumped two-folds to 22.46 lakh tonnes during the period under review.
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Under the new urea policy 2015, 27 urea units were to meet the energy efficiency norms by the end of this fiscal. Out of which, only 11 urea units have mostly achieved the target.
The price is determined on the basis of government's fixed price of Rs 5,360 per tonne. The Centre bears the difference between the maximum retail price (MRP) and cost of production.
The world's second largest urea consumer had, in contrast, imported 4 MT of the commodity in the first seven months of the last financial year. About 5-7 MT of urea is imported annually as domestic output is lower than the demand of 32 MT.
"Government of India will set up a new fertilizer manufacturing unit at the premises of the old plant of the FCI in Talcher. The state government will provide required support for setting up the new urea unit," chief secretary A P Padhi said after a high-level meeting with CEO of the Talcher fertiliser plant JS Saini.
The country imported 84.74 lakh tonnes in 2015-16, Chemicals and Fertilisers Minister Ananth Kumar said in a written reply to the Lok Sabha.