India maintains nutrient-based subsidy for Phosphorus and Potassium fertilisers for FY22

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India has kept the nutrient-based subsidy rates unchanged for phosphatic and potassic (P&K) fertilisers for the current 2021-22 fiscal till further orders. For the last fiscal, the government had fixed the subsidy rate for nitrogen (N) at Rs 18.78 per kg, phosphate (P) at Rs 14.88 a kg, potash (K) at Rs 10.11 per kg […]

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Increase of crucial fertiliser prices in India to affect yield for kharif crops this season

Prices of diammonium phosphate (DAP) and complex fertilisers have surged in the international market in recent months. Domestic fertiliser companies have also hiked prices for the upcoming kharif season steeply. This is likely to reduce crop yield as farmers will resort to excessive use of subsidised fertiliser urea instead. Prices of phosphatic and potassium fertilisers […]

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Rising Covid cases in India boost demand for organic foods

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When agriculture entrepreneur Sharmila Oswal learnt that her sister, best friend, and nephew were all affected by Covid, she was shaken and began thinking about what could be done to help people build up their immunity. She was convinced that unhealthy food was one of the main reasons for their vulnerability because the majority of crops in India […]

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India allocates Rs 1 lakh crore for strengthening agri-infra, cold storage: Minister Tomar from WEF, Davos

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India’s Union Agriculture Minister Narendra Singh Tomar  informed that the Central government has set up a Rs 1 lakh crore fund under the “Aatmanirbhar package” to strengthen the crops storage infrastructure and reduce post-harvesting losses. Speaking at a discussion on “Unlocking Innovation to Transform Food Systems” during the World Economic Forum’s Davos Agenda summit via video conferencing, he […]

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Modi govt’s ‘Aatmanirbhar Bharat’ campaign to substitute imported coal with domestic fuel

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Coal Minister Pralhad Joshi met his counterpart in the power ministry, R K Singh last week to discuss substituting imported coal with domestic fuel as part of initiatives towards the government’s ‘Aatmanirbhar Bharat’ goal. During the meeting, both ministers also deliberated on strategies for removing bottlenecks to augment coal suply in the country. “Had a […]

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Grasim Industries to sell fertiliser business for Rs 2,649 crore

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Grasim Industries plans to sell the company’s fertiliser business, Indo Gulf Fertilisers (IGF) to Indorama India (IIP), a subsidiary of Indorama Corporation, Singapore, for a cash consideration of Rs 2,649 crore. Analysts are calling it a slump sale. Indo Gulf Fertilisers is engaged in manufacture, trade and sale of urea and other agri-inputs with a 1.2 MTPA urea […]

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India announces 12-point boost for economy to add to festival cheer

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Indian Finance Minister Nirmala Sitharaman on Thursday announced financial outlays for 12 sectors, including a fertiliser subsidy as well as those for housing and infrastructure that will likely drive demand for key commodities. She said the announcement was the third instalment of Atma Nirbhar Bharat (Self Reliant India) programme that was meant to establish the country […]

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India’s higher crop acreage to boost fertiliser sales by 10%

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Overall sales in the fertilizer market is set to increase by at least 10% in the upcoming winter season due to great soil condition for crop development and steady prices of the raw materials, said ratings agency, ICRA. “In comparison to previous years, fertilizer sales for the current Rabi season will be higher. The climate and the constant rain have created […]

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Exports of agro- and specialty chemicals offsets loss of domestic demand in India: ICRA

Even as domestic demand has remained subdued, improved export demand and positive outlook for segments like agro-chemicals and surfactants have reduced the COVID-19 impact on specialty chemicals, according to a report by ratings agency ICRA. The Indian specialty chemical sector, which had witnessed healthy revenue growth in the past few years aided by growth in […]

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