Topic
fertiliser
Business Fertiliser Ministry Seeks 100% Increase in FY27 Subsidy Amid West Asia Crisis
The Indian fertiliser ministry has approached the finance ministry seeking a 100% increase in the fertiliser subsidy budget for FY27, from Rs 1.71 lakh crore, as global prices rise due to the West Asia conflict. Domestic production is increasing, but imports remain significant, with urea imports exceeding 100 lakh tonnes last fiscal. The government assures adequate stocks for the kharif season, with over 51% of requirement already available.
Commodities No fertiliser shortage for kharif, rabi crops; govt prepared for El Nino, says Shivraj Singh Chouhan
India's agriculture minister Shivraj Singh Chouhan has stated that there will be no fertiliser shortage for the upcoming kharif and rabi crop seasons. The government has also prepared for potential El Nino conditions. The announcement provides reassurance to the agricultural sector and related trade stakeholders.
Commodities Two New Urea Plants to Boost India's Domestic Production, Reduce Import Dependence
India is set to add 25.4 lakh tonnes of annual urea production capacity with two new fertiliser plants expected to begin operations soon, a move the government says will strengthen domestic availability and reduce reliance on imports. Domestic urea production hit a record 314.07 lakh tonnes in 2023-24, up from 225 lakh tonnes in 2014-15. Despite geopolitical disruptions, the government maintains subsidised retail prices.
Trade Oman Boosts Petchem, Fertiliser Exports as FTA Begins
Oman and India have initiated a free trade agreement, enhancing trade in petrochemicals and fertilisers. The agreement, effective June 1, 2026, reduces tariffs on 99% of Indian exports and 78% of Omani imports.