According to the sources, the worth of urea within the worldwide market has risen to Rs 3,700 per bag (roughly $49), whereas the worth of diammonium phosphate (DAP) has risen to Rs 4,200 (roughly $56). In India, nonetheless, a bag of urea prices Rs 266 whereas a bag of DAP prices Rs 1,350.
“We are committed to maintaining stable prices, but international developments have made fertilizers prohibitively expensive.” There is the difficulty of US sanctions in opposition to Iran, in addition to Iran’s standing as a significant DAP provider, however the sanctions make procurement tough. “Add to that the Russia situation, and the difficulty in obtaining ammonia and gas from Russia for fertilizer production,” a senior authorities official advised.
“There are a lot of other things going on.” China used to export fertilizers however has since begun to import them. Not solely will we pay extra for fertilizer, however all the world does. “We expect the subsidy bill to rise significantly, possibly to Rs 2 lakh crore from Rs 1.25 lakh crore last year,” the functionary added.
While there have been reviews of a fertilizer scarcity within the nation for a number of months, the Centre has repeatedly denied this. “There is no shortage,” a senior authorities official knowledgeable. When it rains, villages require fertilizer, and all of them require it on the similar time. So all the village exhibits up one fantastic morning to purchase fertilizer, and there are clearly lengthy traces. The media observes the traces and reviews that there’s a shortage when there may be none.”
Prepared for Kharif Season
Although the demand for fertilizer for use in crop sowing in the course of the Kharif season won’t start till May, the federal government has already bought an preliminary inventory of about 30 lakh metric tonnes of DAP and 70 lakh metric tonnes of urea for the season, in accordance with sources.
During the Kharif season, the standard demand for fertilizer is round 80-85 lakh metric tonnes, however this 12 months’s demand is predicted to be even larger, in accordance with the official.
“A number of urea plants are sprouting up. In three years, we will be self-sufficient in urea,” the official added.
The Union Ministry of Chemicals and Fertilizers has begun the method of reviving 5 fertilizer crops: Hindustan Urvarak Rasayan Limited’s (HURL) crops in Gorakhpur (Uttar Pradesh), Barauni (Bihar), and Sindri (Jharkhand), Ramagundam Fertilizers and Chemicals Limited (RFCL) in Ramagundam (Telangana), and Talcher Fertilizers Limited (TFL) (Odisha).