 "Market share of major ports in fertiliser import increases for first time in 6 yrs")
After a period of six years, market share of major ports in handling fertilisers has witnessed an upsurge, according to Ministry of Shipping. In FY 2008-09, the market share of major ports in handling fertiliser was 67.30 percent which declined over the next few years. It was lowest in FY 2013-14, when the market share of major ports declined to 25.38 percent.
The turnaround came in FY 2014-15, when the market share of the major ports in handling fertilisers rose to 26.93 percent. It has witnessed further boost in FY 2015-16 (till September) where the market share of major ports jumped by 4.67 percent to 31.06 percent.
The increase in the share of major ports can be attributed to the increase in productivity and efficiency of the major ports, faster turn around time and the policy changes initiated by the Ministry of Chemical and Fertilizers on the hinterland transport of fertiliser.
“All these policy changes have been initiated at the behest of Ministry of Shipping. The effort has been to ensure efficient handling of fertiliser import to reduce landed cost of fertiliser at its destination,” said Ministry of Shipping in a press release.
The turnaround came in FY 2014-15, when the market share of the major ports in handling fertilisers rose to 26.93 percent. It has witnessed further boost in FY 2015-16 (till September) where the market share of major ports jumped by 4.67 percent to 31.06 percent.
The increase in the share of major ports can be attributed to the increase in productivity and efficiency of the major ports, faster turn around time and the policy changes initiated by the Ministry of Chemical and Fertilizers on the hinterland transport of fertiliser.
“All these policy changes have been initiated at the behest of Ministry of Shipping. The effort has been to ensure efficient handling of fertiliser import to reduce landed cost of fertiliser at its destination,” said Ministry of Shipping in a press release.
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