Will not be any fertiliser scarcity in kharif season; will repair quickly P&Ok subsidy for FY23: Govt
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“We’ve got made each quick and long run preparations with international suppliers for import of fertilisers. There won’t be any scarcity of fertilisers throughout the kharif season,” he stated.
As towards the entire estimated fertiliser requirement of 354.34 lakh tonne throughout the 2022 kharif season, availability can be 485.59 lakh tonne, together with 104.72 lakh tonne of imported fertiliser and 254.79 lakh tonne domestically manufactured soil vitamins, he stated.
Availability of urea is estimated to be at 256.22 lakh tonne within the kharif season this 12 months, larger than the requirement of 179 lakh tonne.
Equally, the provision of Di-Ammonium Phosphate (DAP) is estimated to be 81.42 lakh tonne, towards the requirement of 58.82 lakh tonne.
Within the case of Muriate of Potash (MoP) on which India is 100 per cent depending on imports, the secretary stated availability can be 29.03 lakh tonne within the kharif season in comparison with the requirement of 19.81 lakh tonne.
The supply of NPK fertiliser is pegged at 77.87 lakh tonne over the requirement of 63.71 lakh tonne, whereas the provision of Single superphosphate (SSP) is estimated to be at 41 lakh tonne towards the requirement of 33 lakh tonne within the stated interval, Chaturvedi added.
In response to the secretary, the nation is estimated to import about 104.72 lakh tonne of fertilisers — which incorporates 40 lakh tonne of urea, 29 lakh tonne of DAP, 23.18 lakh tonne of MoP and 13.22 lakh tonne of SSP — to satisfy the demand throughout the upcoming kharif season.
An extended-term settlement has been signed with Oman India Fertiliser Firm SAOC (OMIFCO) for the import of 10 lakh tonne of urea yearly for 3 years. A month-to-month provide of 90,000 tonne has began from February, he stated.
Additional, the availability association has additionally been finalised between Indian PSUs and Russian corporations for two.5 lakh tonne of DAP and NPK yearly for 3 years. A further amount of 4 lakh tonne of DAP, 10 lakh tonne of MoP and eight lakh tonne of NPK has been assured in January this 12 months, he stated.
India has managed to get a provide of three.60 lakh tonne of DAP/NPK on February 22, simply earlier than the battle broke out between Russia and Ukraine, he stated.
Below the quick time period settlement with Saudi Arabia, the secretary stated a complete of 25 lakh tonne of DAP/NPK has been secured by Indian PSUs and corporations for 2022-23 fiscal.
“The provision has began. Each month, 30,000 DAP is predicted to succeed in,” he stated, including {that a} long-term settlement is being labored out with Saudi Arabia in view of further capacities being created for the following fiscal.
The businesses, equivalent to PPI, Zuari and Chambal Fertilisers, have a long-term pact with Moroccan phosphates big OCP for the import of DAP and NPK in addition to uncooked supplies, Chaturvedi famous.
OCP has agreed to provide a ample amount of DAP and uncooked supplies. It has supplied to provide 16.6 lakh tonne of DAP this 12 months to Indian corporations at prevailing worldwide costs, he stated.
Since Morocco procures Ammonia from Russia for DAP manufacturing, the availability of the fertiliser has been affected within the wake of the present geopolitical scenario, he added.
Within the case of MoP, the secretary stated the availability scenario is tight due to sanctions towards Belarus and Russia which have pushed up international costs.
“Nonetheless, there will not be any downside within the availability of potash for the kharif season. If the battle between Russia and Ukraine continues, there could also be some downside within the rabi season,” he added.
Stating that international costs have shot up considerably as a result of geopolitical scenario since January 2021, the secretary stated an inter-ministerial committee has advisable a subsidy fee for phosphatic and potassic (P&Ok) fertilisers for the present fiscal, holding into consideration the worldwide value pattern.
The Cupboard will quickly take up the proposal and the brand new nutrient-based subsidy (NBS) fee can be made efficient from April 1 this 12 months, he stated.
Within the worldwide market, urea costs have risen by 145 per cent to USD 930 per tonne in April this 12 months, DAP by 66 per cent to USD 924 per tonne, MoP by 116 per cent to USD 590 per tonne, Sulphur by 102 per cent to USD 445 per tonne, phosphate acid by 134 per cent to USD 2,050 per tonne and rock phosphate by 77 per cent to USD 220 per tonne over the identical interval a 12 months in the past, he added.
