Policy for Import of Fertilizers

Import of urea in the country is restricted and permitted through three State Trading Enterprises i.e. MMTC Limited, State Trading Corporation of India Limited and Indian Potash Limited.  Import of all other fertilisers is free and importers are importing these fertilizers under Open General License (OGL) as per their requirements. The P&K fertilisers like DAP, various grades of complex fertilisers and SSP… Read More

Tags: FertilizerGujaratMadras Fertilizers LimitedNational FertilizersNational Fertilizers LimitedSaudi ArabiaSSPTata Chemicals

Fixation of Nutrient Based Subsidy (NBS) Rates

The Cabinet today accorded approval to the proposals of the Department of Fertilizers for fixation of NBS rates for the year 2013-14. These rates will be applicable from 1st April 2013. The Department of Fertilizers is implementing Nutrient Based Subsidy Policy for the P&K fertilizers w.e.f. 1.4.2010. As per this Policy, the Government of India… Read More

Tags: FertilizerGovernmentGovernment of IndiaNBSPriceSubsidyTonneUrea

Fertilizer JVs with Foreign Countries

At the behest of the Government, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative Limited (KRIBHCO) have collaborated with Oman Oil Company to set-up a Joint Venture entity namely ˜Oman India Fertilizer Company™(OMIFCO) for production of urea and ammonia. Under this arrangement, OMIFCO is supplying its urea to the Government of India at… Read More

Tags: AmmoniaFertilizerGovernmentIndiaIndian Farmers Fertiliser Cooperative LimitedKrishak Bharati Cooperative LimitedOmanUrea

Proposal to Reduce Subsidy on Fertilizers

The subsidy rates of Phosphatic and Potassic (P&K) fertilizers under Nutrient Based Subsidy Policy being implementedw.e.f. 1.4.2010, are fixed on annual basis taking into consideration all factors including international and domestic prices of these fertilizers, inventory level and exchange rate.  Since the present international prices of P&K fertilizers are comparatively less as compared to those in last year, the subsidy rates for… Read More

Tags: Ammonium PhosphateBusinessChemicalsFertilizerGovernmentNPK ratingPotashUrea

Additional Subsidy on Chemical Fertilizers

The Government continues to provide Urea to the farmers at a fixed price of Rs 5360 PMT, which is much below its delivered cost. The difference in the normated delivered cost and Maximum Retail Price (MRP) is paid as subsidy by the Government. As regards Phosphatic and Potassic (P&K) fertilizers, the Government is implementing Nutrient… Read More

Tags: ChemicalsFertilizerGovernmentLok SabhaMinister of StatePriceSubsidyUrea

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