Urea imports dip 34% to 27 lakh tonne in Apr-Sep
3 Oct 2014 1:27 AM GMT
Urea imports were 41.07 LT in the April-September period of 2013-14, according to official data.
‘Urea imports have come down substantially this year so far as we have carry over stocks from last year and also farmers sown crops lesser area during kharif season this year compared to last year,’ a Fertilizer Ministry official said.
Sowing of kharif crop begins with the onset of southwest monsoon in June and farmers normally start preparing fields before the arrival of rains.
Urea is imported by three STEs (state trading enterprises) Indian Potash Ltd (IPL), MMTC and STC on behalf of the government to meet domestic shortfall. The country produces about 22 million tonnes against an annual domestic demand of 30 MT.
Besides, these three STEs, the government imports urea from OMIFCO, which is a joint venture project of IFFCO and Kribhco, with an offtake agreement.
India's urea imports have decreased 12 per cent to 7.08 MT in 2013-14, due to carry-over stocks from the previous year. The country had imported 8.04 MT of urea in the entire 2012-13 fiscal.
Urea is provided to farmers at a fixed subsidised maximum retail price (MRP) of Rs 5,360 per tonne. The difference between the cost of production and MRP of urea is provided as subsidy to manufacturers.
The government is also working to revive the closed domestic fertiliser units to increase the domestic production of soil nutrient.
‘Urea imports have come down substantially this year so far as we have carry over stocks from last year and also farmers sown crops lesser area during kharif season this year compared to last year,’ a Fertilizer Ministry official said.
Sowing of kharif crop begins with the onset of southwest monsoon in June and farmers normally start preparing fields before the arrival of rains.
Urea is imported by three STEs (state trading enterprises) Indian Potash Ltd (IPL), MMTC and STC on behalf of the government to meet domestic shortfall. The country produces about 22 million tonnes against an annual domestic demand of 30 MT.
Besides, these three STEs, the government imports urea from OMIFCO, which is a joint venture project of IFFCO and Kribhco, with an offtake agreement.
India's urea imports have decreased 12 per cent to 7.08 MT in 2013-14, due to carry-over stocks from the previous year. The country had imported 8.04 MT of urea in the entire 2012-13 fiscal.
Urea is provided to farmers at a fixed subsidised maximum retail price (MRP) of Rs 5,360 per tonne. The difference between the cost of production and MRP of urea is provided as subsidy to manufacturers.
The government is also working to revive the closed domestic fertiliser units to increase the domestic production of soil nutrient.
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