Latest news with #Di-AmmoniaPhosphate
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Standing like a wall to protect interest of farmers, says PM Modi
Prime Minister Narendra Modi on Friday reiterated his personal commitment to protect the interest of farmers, livestock rearers and fishermen while alluding to the US' demand for a greater access to India's agriculture and dairy markets, even as he said that there was an 'urgent need' to produce fertilisers domestically. 'Modi will stand like a wall against any policy that threatens their interests. India will never compromise when it comes to protecting the interests of our farmers,' he said while addressing the nation from the ramparts of the Red Fort to mark the 79th Independence Day. This is the second time in the last 10 days that Prime Minister Modi has explicitly explained India's stand on trade negotiations, saying that he won't compromise on the interest of small farmers, dairy and livestock growers. The last occasion was the centenary celebrations of agriculture scientist MS Swaminathan in Pusa. It had come just a day after US President Donald Trump announced a 50 per cent import tariff on Indian goods. His comments were widely welcomed by some farmers groups with the ministry of agriculture even organising a function to express its gratitude for the stand taken. Sources said the high tariff and the little progress that the bilateral trade deal has made so far has been mainly due to India's steadfast reluctance to open up its farm sector to cheap imports from the US. In the proposed trade agreement, the US is seeking reduced tariffs on products like corn, soybeans, apples, almonds and ethanol, as well as increased access for US dairy products. New Delhi is, however, opposing these demands as these will have a direct bearing on farmers. India has never given any duty concessions to any of its trading partners on this, including Australia and Switzerland, with whom it has signed trade agreements. The Prime Minister, in his address, also called for the urgent need to produce fertilisers domestically to empower farmers and protect national food security. He said reducing import dependence ensures that the nation's agricultural sector thrives independently, safeguarding farmers' welfare and strengthening India's economic sovereignty. Modi's appeal comes at a time when India has been importing record quantities of urea, DAP and some other raw materials to provide critical input to farmers. The appeal also comes amid a severe shortage of fertilisers across India in the critical kharif sowing season. The shortage has happened due to low imports of Di-Ammonia Phosphate (DAP) and also erratic supplies of urea. Yesterday, several state ministers in a meeting with Union Agriculture Minister Shivraj Singh Chouhan demanded additional urea supplies. Chouhan asked states to take strict action against hoarders and black marketers, adding that the Centre was already sending enough supplies. DAP and urea are two most consumed fertilisers in India accounting for almost 90 per cent of total annual consumption of around 60 million tonnes estimated in 2023-24. Of this, around 18 million tonnes is imported while the rest is domestically produced. A call for self-sufficiency in fertiliser production could shed some of the dependency on imports which has become highly volatile since the last few years due to geo-political reasons.
&w=3840&q=100)
Business Standard
17-07-2025
- Business
- Business Standard
Domestic DAP makers take a lesser hit than importers amid price surge
Price of raw materials used by local players has not spiked New Delhi Listen to This Article Even as the price of imported finished Di-Ammonia Phosphate (DAP) is shooting through the roof due to China's export restriction and supply disruption, domestic manufactures of DAP are likely to take a lesser hit as the price of raw materials that goes into making the crucial plant nutrient has not risen by same proportion. This has also reignited calls for promoting domestic value-addition than encouraging imports which would also boost capacity utilisation. India imports more than half of its annual DAP consumption. Import prices for July and August deliveries have soared to over $800 per tonne, close to the historic
&w=3840&q=100)
Business Standard
26-06-2025
- Business
- Business Standard
Chinese squeeze drives up DAP fertiliser prices, spurs West Asia reliance
It's the second-most-consumed fertiliser in India after urea but a significant portion is imported New Delhi Listen to This Article China's export restrictions are not just squeezing supplies of niche water-soluble fertilisers, they are a factor in mass market Di-Ammonia Phosphate (DAP) prices rising to almost $800 per tonne in June, the highest in the last few months. High DAP prices could jeopardise the Indian government's subsidy maths for FY26 and hurt the margins of companies importing such fertilisers (subsidies cover a significant part of DAP prices). India imported around 4.6 million tonnes of DAP in FY25, according to industry sources. Chinese imports were 0.85 million tonnes, or 18.4 per cent, of that amount. But in FY24, India imported 5.6
&w=3840&q=100)
Business Standard
26-06-2025
- Business
- Business Standard
Will take up fertiliser export curbs by China as required, says MEA
India before the curbs used to import around 1-2 million tonnes of urea from China out of the total imports of around 6-7 million tonnes Archis Mohan New Delhi The Indian government will take up the matter of squeezing of fertiliser supplies by China and other trade and economic related issues as and when required, a senior official from the Ministry of External Affairs (MEA) said. He was responding to questions on reports that China has stopped supplies of speciality fertilisers and also restricted exports of urea and Di-Ammonia Phosphate (DAP) to India since the last few months that has aggravated the crisis in key agricultural inputs in the aftermath of the West Asia crisis. The MEA officials also said that on the critical question of stopping rare earth supplies to India from China, the Indian side is in constant touch with their Chinese counterparts to streamline the supplies. India before the curbs used to import around 1-2 million tonnes of urea from China out of the total imports of around 6-7 million tonnes. That apart, in FY25, it imported around 18 per cent DAP requirements from China, which a year before accounted for almost 39 per cent of the DAP imports. According to Bloomberg, China might relax the limits on exports of the fertilizer from this month. But Chinese companies will still be subject to quotas and, in some instances, minimum prices for shipments, the report said, quoting unnamed sources. Exports to India will still be restricted, the report added. As recently as 2023, China was the world's biggest exporter of urea, but a ban on overseas shipments was put in place last June to cut domestic prices to aid farmers and bolster food security.
&w=3840&q=100)
Business Standard
29-05-2025
- Business
- Business Standard
Iffco net profit rose 16% in FY25; nano fertiliser sales up around 47%
Fertiliser major Iffco on Thursday reported a 16 per cent rise in net profit to ₹2,823 crore in 2024-25 (FY25), driven by higher revenue, despite some concern over slow adoption of its nano products portfolio. It had posted a net profit of ₹2,443 crore in the previous year. The company said its flagship nano urea product increased 31 per cent in sales in FY24, while its nano Di-Ammonia Phosphate (DAP) product saw a 118 per cent increase. 'Taken together, nano fertilisers (urea and DAP) have managed to replace 1.2 million tonnes (mt) of conventional urea and 0.48 mt of conventional DAP so far, but it could have been better,' Iffco Managing Director U S Awasthi told reporters after the annual general meeting. India annually consumes around 35-37 mt of urea in conventional granular forms and around 11 mt of DAP. According to Awasthi, the cooperative has retailed nano zinc and nano copper in liquid form and will soon start producing granular nano NPK for use in basal application. In FY25, Iffco exported over 370,000 bottles of nano fertilisers globally and is now working to set up an indigenous nano manufacturing plant in Brazil. Also Read 'Iffco has registered a profit (before tax) of more than ₹3,000 crore for three consecutive financial years,' Sanghani said. The cooperative has rewarded its members with a 20 per cent dividend in the paid-up shares capital, he said. Total domestic fertiliser production climbed to 9.31 mt in FY25 from 8.89 mt in the preceding year, while total sales (including imports) increased slightly to 11.37 million tonnes as against 11.17 million tonnes. Urea and DAP sales remained flat at 6.73 mt and 2.56 mt, respectively, in FY25. Sales of NP, NPK, and other forms of fertilisers were recorded at 4.64 mt in FY25 against 4.39 mt in FY24.
