Urea Policy

Drop in nano-urea sales has fertiliser companies holding their breath

Nano urea sales dropped by a steep 43.2 per cent in FY24 from the previous year, despite production capacity rising by almost 59 per cent in that period

NFL, RCF, FACT: Shares of fertiliser firms rally up to 13% ahead of Budget

In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.

Urea consumption to fall 2.5 mn tonne on efforts to cut chemical fertiliser

India's conventional urea consumption is estimated to decline 25 lakh tonnes this fiscal on increase in demand of nano liquid urea and the government's efforts to discourage use of chemical fertilisers, Union Minister Mansukh Mandaviya said on Friday. Chemicals and Fertilisers Minister Mansukh Mandaviya also highlighted that the Cabinet on Thursday approved a Rs 24,420 crore subsidy on Phosphatic and Potassic (P&K) fertilisers for the kharif season. The prices of all fertilisers, including urea and Di-ammonium phosphate (DAP), will not increase, he said. "The Modi government has made a lot of efforts to promote alternate fertilisers and discourage use of chemical fertilisers. The use of nano liquid urea is also gaining momentum," Mandaviya said. As a result, the minister said, "The consumption of urea in 2023-24 is estimated to decline by 25 lakh tonnes." Mandaviya said the urea consumption stood at 357 lakh tonnes during FY23. "During April-January period of this fiscal, the ...

Urea production up 12% in first 9 months of FY24, sales remain flat

Urea demand could re-emerge in a big way for the 2024 kharif season from May and June with the advent of monsoon

China's urea export curbs may not hit India much, push up global rates

But it could push up global rates

Govt launches flying squads to prevent illegal diversion of agri-grade urea

In the course of their inspections, the squads have registered 30 FIRs for illegal diversion of urea, confiscating 70,000 bags in the process

Best of BS Opinion: Prompt disclosures, boosting production, and more

Here is the best of Business Standard's opinion pieces for today

Boosting production

New urea policy is showing encouraging results

14 urea plants get time till March to meet new energy norms: Govt sources

The Union Cabinet is believed to have approved a proposal to allow 14 urea units, which could not meet the new energy norms under the 2015 policy, to continue with the existing norms till March 2023, sources said. According to sources, the existing energy norms for 14 urea manufacturing units have been extended for further period till 31st March, 2023. Some penalty has been imposed while giving an extension. These plants have been directed to meet the energy norm by March 2023. The extension of present energy norms will ensure easy availability of urea to farmers through domestic production, they added. The New Urea Policy-2015 (NUP-2015) was notified by the Department of Fertilizers on 25th May, 2015 with the objective of maximising indigenous urea production, promoting energy efficiency in urea production and rationalising subsidy burden on the government. The NUP-2015 covers 25 gas-based existing urea units. As per NUP-2015, the existing gas-based urea units were classified int

India set to be self-sufficient in urea by 2025 even without help from nano

The commissioning of new plants is expected to bring down import dependency to less than half of current levels

Govt unearths leakages of Rs 100 crore in urea usage in two months

Per year, about 1-1.2 million tonnes of urea meant for farming gets diverted towards industrial use, say officials

Cabinet okays additional fixed cost of Rs 350 per tonne to 30 urea units

Sources said a cumulative impact of Rs 5,600 crore could be released to the fertilizer companies as result of the Cabinet decision

Urea dilemma in Madhya Pradesh: Shortage at farms, stockpiles at companies

Supplies to farmers in Madhya Pradesh accounted for just half the requirement of 400,000 bags of urea this November, even as mounting inventories incurred losses for companies

Self-reliance in urea?

It's a distinct possibility in the near future

Companies with high exposure to nitrogen and sulphur to gain

Changes in urea policy

CCEA approves changes in urea policy

The import price parity calculation has been changed to include customs and port handling charges