Page 4 - Fertilizers

India extends support to Sri Lanka, to supply 65,000 MT of urea

Both Moragoda and Kumar Chaturvedi discussed possible ways and measures to ensure that chemical fertilizers from India to Sri Lanka are supplied continuously under the existing Credit Line and beyond

Uptrend intact in GNFC, Coromandel, Madras Fertilizers; may gain up to 16%

Fertilizer shares have been the outperformers so far in 2022, gaining up to 100%; While the bullish sentiment seems overrated, charts indicate continuation of the uptrend.

Govt approves Rs 60,939 crore subsidy for phosphate-based fertilizers

The decision to raise the fertilisers subsidy was taken after a spike in the prices of crop nutrients in global markets, mainly due to supply chain disruption after Russia's invasion of Ukraine

Russian war worsens fertilizer crunch, risking food supplies

Despite thousands of miles separating her from the battlefields of Ukraine, Kariuki and her cabbage, corn and spinach farm are indirect victims of Russian President Vladimir Putin's invasion.

Fertiliser companies dig in for hard times amid Russia-Ukraine war

Russia-Ukraine war leaves them prey to rising costs, supply disruptions even as administered prices are unchanged

Indian Potash signs 5-year purchase agreement with Israel Chemicals

Indian Potash Ltd has signed a five-year deal to import muriate of potash from Israel Chemical Ltd, according to a government statement released on Monday

Looming fertiliser shortage

It would push up subsidy bill significantly

Govt seeks Parliament nod for extra spending of Rs 1.07 trn in FY22

The government sought Parliament nod for net additional spending of over Rs 1.07 lakh crore, including about Rs 15,000 crore towards fertilizer subsidy, in third batch for current fiscal year

UPL to sell 49.98% stake in subsidiary ANSL to Nerka Chemicals

UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year

Fertiliser ban decimates Sri Lankan crops as government popularity dwindle

Dramatic fall in yields follows a decision last April by President Gotabaya Rajapaksa to ban all chemical fertilisers in Sri Lanka

Ministry mulling PLI scheme for chemical sector: Mansukh Mandaviya

Chemicals and Fertilisers Minister Mansukh Mandaviya said the ministry is planning to bring production linked incentive (PLI) scheme for the chemical sector to boost domestic production and exports

India in talks on multi-year fertiliser import deal with Russia: Report

India is a top importer of urea and other soil nutrients needed to feed its huge agriculture sector, which employs about 60% of the country's workforce and accounts for 15% of $2.7 trillion economy

Economic Survey: Fertiliser subsidy touches Rs 85,300 cr in Apr-Dec FY22

The government's fertiliser subsidy touched Rs 85,300 crore in the first nine months of the ongoing fiscal year, according to the Economic Survey. Domestic fertiliser production reached 28.5 million tonne during April-December period of 2021-22. Out of the total fertiliser production, urea output was at 18.7 million tonne, Di Ammonium Phosphate (DAP) at 3 million tonne and complex fertilisers at 6.8 million tonne. According to the Survey, total fertiliser subsidy reached Rs 85,300 crore during the nine-month period. Of this, Rs 49,800 crore subsidy was on urea and the balance Rs 35,500 crore on phosphatic and potassium (P&K) fertilisers. The government's fertiliser subsidy had touched a record Rs 1,38,500 crore in 2020-21. Much of the subsidy was spent on urea at Rs 99,500 crore followed by P&K fertilisers at Rs 39,000 crore. The government is making available fertilisers, namely urea and different grades of P&K fertilisers to farmers at subsidised prices through ...

Time to work on alternatives to chemical fertilisers: PM Modi

The time had come to "correct the mistakes" that have become part of farming, Modi said

Indian PSUs ink pact with Russian firm for supply of fertilisers in FY22

As many as 4 Indian public sector undertakings have inked a long-term pact with Russian firm Phos Agro for supply of five types of fertilisers including DAP in the current fiscal year, govt said

Indian farmers in pain as soaring prices create fertilizer black market

Supply crunch will likely hurt production of staple crops such as wheat, rapeseed and pulses planted during the winter.

Coromandel plans 1,650-tonne sulphuric acid plant in Vizag for Rs 400 cr

At present, India is a net importer of sulphuric acid, and the third largest buyer globally, accounting for close to two million tonnes of imports

National Fertilizers' Q2 net profit declines 81% to Rs 16.34 crore

National Fertilizers Ltd on Friday posted a decline in its consolidated net profit

Mangalore Chemicals and Fertilizer Q2 net profit falls 28% to Rs 29 crore

The company on Tuesday reported a 28.57 per cent decline in its net profit

DAP fertiliser crisis may pinch farmers, put pressure on govt finances

The severe shortage of a critical rabi season fertiliser is likely to pinch farmers and put pressure on government finances