Express News Service
NEW DELHI: India is an agrarian economic system and one of many world’s main importers of fertilisers.
Fertilisers are being provided at a reduction of anyplace between 10 to 25 per cent from Russia because of which practically 20 per cent of the fertiliser imported between April and July got here from Russia.
“India imported 7.74 lakh metric tonnes of fertilisers from Russia during the first quarter of the ongoing financial year which is more than a fifth of the total 36.4 lakh metric tonnes imported from across the globe,” Minister of Chemicals and Fertilisers Dr Mansukh Mandaviya had acknowledged within the Parliament.
Out of the 7.74 lakh mt fertiliser imported from Russia, urea comprised 47,000 mt, DAP (diammonium phosphate) 1.32 lakh mt and NPK (a fancy fertiliser containing nitrogen, phosphorous and potassium) 5.95 lakh mt.
Unlike oil, fertilisers will not be beneath the listing of sanctions imposed on Russia by the US following the outbreak of the battle in Ukraine.
“The imports from Russia in just the first three months of the ongoing financial year is equivalent to nearly 70 per cent of the 11.02 mt of fertilisers imported from Russia (during the previous financial year). Prior to this India relied mostly on China for its fertiliser imports. Nearly 24 per cent of the imports earlier came from China and 6 per cent from Russia,” say sources.
Even if Russia gave DAP at 10 per cent low cost in comparison with world costs it might work out effectively for India. For occasion, India might purchase DAP at $920 a tonne when world costs ranged round $1000 per tonne.
Meanwhile, consultants level out that there isn’t any method India can overlook importing fertilisers as agriculture is the mainstay of the economic system.
The UN Secretary-General Antonio Guterres just lately mentioned that the world is going through a meals safety `disaster’ as shortages across the globe improve. He additional warned that farmers in Asia, Africa and the Americas shall be hit by the rising value of fertiliser and gas.
After the battle in Ukraine, fertiliser provide has taken a success inflicting a hike in costs.
“The Department of Fertilisers has been continuously monitoring the supply situation. The focus is to facilitate long-term tie-ups and short terms supplies of fertilisers from alternate sources,” Madaviya mentioned within the Parliament.
India has entered a long-term settlement to offtake 10 mt urea yearly from Oman on Free on Board (FOB) foundation by means of OQ buying and selling for a interval of three years.
“Shipment under the long-term agreement began in February this year,” Mandaviya added.
The minister has travelled to varied nations to safe the availability of fertilisers.
After visiting Jordan, earlier this yr, a long-term settlement for supplying 30 lakh mt of rock phosphate, 2.75 lakh mt of MOP and a pair of.5 lakh mt of DAP has been made for a interval of 5 years. Similarly, an settlement has been signed with Phosagro of Russia for the availability of DAP.
Meanwhile, over the last monetary yr out of the 341.73 lakh mt of urea consumed in India, 250.72 lakh tonnes was met by means of indigenous manufacturing and 91.36 lakh mt by means of imports – primarily from China (25.91 lakh mt), Oman (15.88 lakh mt) and UAE (7.95 lakh mt), based on authorities statistics.
NEW DELHI: India is an agrarian economic system and one of many world’s main importers of fertilisers.
Fertilisers are being provided at a reduction of anyplace between 10 to 25 per cent from Russia because of which practically 20 per cent of the fertiliser imported between April and July got here from Russia.
“India imported 7.74 lakh metric tonnes of fertilisers from Russia during the first quarter of the ongoing financial year which is more than a fifth of the total 36.4 lakh metric tonnes imported from across the globe,” Minister of Chemicals and Fertilisers Dr Mansukh Mandaviya had acknowledged within the Parliament.
Out of the 7.74 lakh mt fertiliser imported from Russia, urea comprised 47,000 mt, DAP (diammonium phosphate) 1.32 lakh mt and NPK (a fancy fertiliser containing nitrogen, phosphorous and potassium) 5.95 lakh mt.
Unlike oil, fertilisers will not be beneath the listing of sanctions imposed on Russia by the US following the outbreak of the battle in Ukraine.
“The imports from Russia in just the first three months of the ongoing financial year is equivalent to nearly 70 per cent of the 11.02 mt of fertilisers imported from Russia (during the previous financial year). Prior to this India relied mostly on China for its fertiliser imports. Nearly 24 per cent of the imports earlier came from China and 6 per cent from Russia,” say sources.
Even if Russia gave DAP at 10 per cent low cost in comparison with world costs it might work out effectively for India. For occasion, India might purchase DAP at $920 a tonne when world costs ranged round $1000 per tonne.
Meanwhile, consultants level out that there isn’t any method India can overlook importing fertilisers as agriculture is the mainstay of the economic system.
The UN Secretary-General Antonio Guterres just lately mentioned that the world is going through a meals safety `disaster’ as shortages across the globe improve. He additional warned that farmers in Asia, Africa and the Americas shall be hit by the rising value of fertiliser and gas.
After the battle in Ukraine, fertiliser provide has taken a success inflicting a hike in costs.
“The Department of Fertilisers has been continuously monitoring the supply situation. The focus is to facilitate long-term tie-ups and short terms supplies of fertilisers from alternate sources,” Madaviya mentioned within the Parliament.
India has entered a long-term settlement to offtake 10 mt urea yearly from Oman on Free on Board (FOB) foundation by means of OQ buying and selling for a interval of three years.
“Shipment under the long-term agreement began in February this year,” Mandaviya added.
The minister has travelled to varied nations to safe the availability of fertilisers.
After visiting Jordan, earlier this yr, a long-term settlement for supplying 30 lakh mt of rock phosphate, 2.75 lakh mt of MOP and a pair of.5 lakh mt of DAP has been made for a interval of 5 years. Similarly, an settlement has been signed with Phosagro of Russia for the availability of DAP.
Meanwhile, over the last monetary yr out of the 341.73 lakh mt of urea consumed in India, 250.72 lakh tonnes was met by means of indigenous manufacturing and 91.36 lakh mt by means of imports – primarily from China (25.91 lakh mt), Oman (15.88 lakh mt) and UAE (7.95 lakh mt), based on authorities statistics.
