Page 2 - Fertilizers

Soaring prices could trigger up to 17% upside in these 5 fertiliser stocks

The overall trend in the fertiliser space remains bullish, with stocks like Chambal Fertilizers & Chemicals, Aries Agro and National Fertilizers indicating strong upside ahead

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

Nano DAP might hit the market by the next kharif season, says official

Single superphosphate to be included in 'One Nation, One Fertiliser' scheme in the next few months

Centre tells fertiliser companies, states to promote Nano urea use

At present, the capacity of Nano urea is 50 million bottles per year

Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12%

Shares of RCF, NFL, GSFC, GNFC, Chambal Fertilisers, and Zuari Agro Chemicals were up between 5 per cent and 12 per cent

Discounts lift Russia's fertiliser exports, becomes top supplier to India

The surge in Russian supplies halved China's exports to India to 1.78 million tonnes in the first half of 2022/23

Blocked Russian fertiliser to be shipped out to avoid food insecurity: UN

Nearly 11.2 mn tons of essential foodstuffs have been shipped from three Ukrainian ports since the Black Sea Grain Initiative was signed on July 22 by Turkey, Ukraine, Russia and the United Nation

Wheat acreage till Nov 18 up 15% YoY, record open market prices spur sowing

Centre refutes the assertion of artificial shortage of fertilisers in country

UN officials report progress on Russia's grain and fertiliser exports

Top U.N. officials updated a high-level Russian delegation Friday on progress to facilitate Russia's exports of food and fertiliser to global markets which have faced obstacles under an expiring wartime deal that has enabled Ukraine to ship over 10 million metric tons of grain from three Black Sea ports. U.N. humanitarian chief Martin Griffiths and U.N. trade chief Rebeca Grynspan, who has been in charge of the Russian side of the agreement, informed the Russian team led by Deputy Foreign Minister Sergey Vershinin on steps taken to address key Russian issues -- facilitating payments, shipping, insurance for shipments of its grain and fertiliser and getting access to European Union ports, U.N. associate spokeswoman Stephanie Tremblay said in a statement. The meeting took place ahead of the Nov. 19 expiration of the separate agreements with Russia and Ukraine brokered by the U.N. and Turkey and signed in Istanbul on July 22. Russia briefly suspended its participation in the deal two .

Cabinet hikes ethanol prices, approves subsidy for non-urea fertilisers

The industry has on several occasions told the government the price of ethanol produced from sugar juice or syrup should be based on returns on equity

UPL Ltd Q2 net profit up 25.19% on robust sales despite Ukraine impact

Agro-chemicals maker UPL Ltd on Tuesday posted a 25.19 per cent jump in its consolidated net profit at Rs 969 in the second quarter of FY23 on strong sales, despite some impact faced due to the Russia-Ukraine crisis. The company had posted a consolidated net profit of Rs 774 crore during the second quarter previous year. "Due to ongoing war between Russia and Ukraine, and the sanctions in the region, the Group's business has been impacted to some extent," the company said in a regulatory filing. The Group is having approximately Rs 86 crore of inventory and Rs 54 crore of receivables as on September 30 in this war affected region, it said, adding that the company is continuously monitoring the situation. "The Group continues to do business in these two countries and taking necessary steps to protect itself from various risk involved. Management is confident of realisation of these assets," UPL added. According to the filing, the company's net income rose 18.35 per cent to Rs 12,50

PM Modi launches single brand 'Bharat' for subsidised fertilisers

The Centre has started a new scheme - Pradhan Mantri Bharatiya Jan Urvarak Pariyojana - One Nation One Fertiliser - under which it is mandatory for companies to market all subsidised fertilisers under single brand 'Bharat'. The prime minister launched the single brand Bharat under the scheme during the two-day event PM Kisan Samman Sammelan 2022 being held here. This is being done to prevent criss-cross movement of fertilisers and reduce high freight subsidy. All subsidised soil nutrients - urea, di-ammonium phosphate (DAP), Muriate of Potash (MoP) and NPK - will be marketed under the single brand Bharat across the nation. Modi also inaugurated 600 PM Kisan Samruddhi Kendras (PM-KSK) that will act as a one-stop-shop for farmers who can buy products and avail multiple services related to the agriculture sector. The Centre intends to convert more than 3.3 lakh fertiliser retail shops in the country into PM-KSK in a phased manner. The PM-KSK will supply agri-inputs like seeds, ...

Centre to soon launch 600 Kisan Samriddhi Kendras to benefit farmers

Fertilizer shops to act as one-stop solution provider for all need of growers

UN pushes for global fertiliser price cut to avoid future supply crisis

The United Nations is pushing to cut the price of fertilisers to avoid a "future crisis" of availability, said a senior U.N. trade official

Hurricane Ian has potential for 'catastrophic' chemical leak in Florida

As Floridians board up their homes and businesses brace for Hurricane Ian's impact, environmental groups worry there's one big hazard that's been left exposed to storm damage

India's potash facing demand destruction as world reels from high prices

Potash consumption will probably fall to 3 million tons in the year through March 2023 from 5 million a year earlier

Depreciating rupee not likely to cause fiscal slippage, say experts

Petroleum, fertiliser imports to become expensive, subsidy bill set to rise

No shortage of fertilisers in the country; no hike in prices: Mandaviya

Union Chemicals and Fertilisers Minister Mansukh Mandaviya on Tuesday said there is no shortage of crop nutrients in the country and asserted that there will be no hike in the prices of non-urea products. The minister also said that Nutrient Based Policy (NBS) for Phosphatic and Potassic (P&K) fertilisers for the Rabi season (October 2022 to March 2023) will be announced shortly. "There is no shortage of fertilisers in the country," Mandaviya told reporters on the sidelines of the International Dairy Federation (IDF) World Dairy Summit here. He was responding to a query about the supply situation for the upcoming Rabi sowing season that would start from October. On when the government would announce the NBS policy for P&K fertilisers for the Rabi season, he said it will be done shortly after analysing international prices. "We will not allow any increase in retail prices of DAP (Di-ammonium Phosphate) and other non-urea fertilisers," Mandaviya said, adding that the government

Best of BS Opinion: Unproductive policy, the Truss factor, and more

Here is the best of Business Standard's opinion pieces for Wednesday

Unproductive fertiliser policy

New fertiliser branding plan must be reviewed