CareEdge Group’s Post

India's efforts towards fertilisers self-sufficiency are reflected in the rising consumption of urea and potash, along with a marginal decline in urea imports. Despite challenges related to subsidy payments and production hiccups, the overall trajectory for urea production is encouraging, aligning with the goal of achieving self-sufficiency by 2025. However the issue is falling phosphatic and NPK …… any thoughts on your action plan to make India sept sufficient ?

India will replace 2.5 million tonnes of regular urea with nano urea in the financial year 2024, according to Union Chemicals and Fertilisers Minister Mansukh Mandaviya. This move supports India's goal of becoming self-sufficient in urea production by 2025. In the first ten months of the financial year 2024, India used 31.7 million tonnes of urea, down from 35.7 million tonnes during the same period the previous year. The minister said that for the entire financial year 2024, urea consumption is expected to be 32.7 million tonnes. This is due to efforts to encourage farmers to use nano urea instead of conventional urea. Over the past two years, 344 districts have reduced their use of regular urea, and 74 districts have increased their use of nano urea.

Why cann't we meet up the demand of onion??? The answer is below....... According to the Ministry of Agriculture, the country produces 35 lakh tonnes of onions annually, which is more than the demand. However, due to 20%-40% post-harvest losses, the supply of usable onions comes down to 25 lakh tonnes. As a result, at least another 5-7 lakh tonnes of onions are imported every year to meet demand. Most of the imports come from India. As a result, when India halts onion exports, Bangladesh feels a significant impact. There have been instances of onion prices exceeding Tk300 per kg in the domestic market due to India's export restrictions.

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India is set to cease all urea imports by 2025, marking a significant but often overlooked achievement of the Modi government. In April 2014, during the waning days of the UPA administration led by Dr. Singh, decisions were made that resulted in the closure of three additional urea plants in India. However, as early as August 2014, the Modi government initiated discussions on revitalizing urea production. Notably, in December 2014, even The Hindu acknowledged that the policies of the UPA had placed India's fertilizer sector in jeopardy. Over the past decade, the Modi government has successfully reopened shuttered fertilizer plants in Gorakhpur, Sindri, and Barauni, while also establishing new facilities. As a result of these efforts, India is poised to achieve self-sufficiency in urea production, eliminating the need for imports by the coming year.

Ok, let’s get back to some numbers again. India consumes 35 million tonnes of urea per year. Domestic production has risen from 22.5 million tonnes in 2014 to 31 million tonnes in 2024, which is impressive. The Talcher Fertiliser Plant, the country’s largest and first coal gasification-based urea facility, is expected to start operations by the end of 2024. After its commencement, domestic urea production will be around 32.5 million tonnes. So, the country’s urea import dependence should not exceed 2.5 million tonnes. And… it’s planned to be covered with the notorious Nano Urea. Nano Urea was launched by IFFCO (Indian Farmers Fertiliser Cooperative Limited) a few years ago. According to IFFCO, one bottle of 500 ml is equivalent to one bag (45 kg) of conventional urea. On top of that, IFFCO claims an 8-10% increase in crop yield compared to normal urea. Let’s stop here for a moment. I really want to understand if anyone else besides IFFCO has seen and tested this miracle? And if Nano Urea is so powerful and effective, why don’t we see it being applied in other countries? The latest IFA conference, like many other events, was marked by such words as “sustainable fertilisers”, “water-soluble”, “slow release”… I am not being sarcastic at all, just trying to understand if Nano Urea is indeed something valuable. If so, I’m keen to make money from it. Have a great week, everyone! #yeild #fertilisers #fertilizers #india #IFFCO #urea #nanourea #imstory #crop

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I am trying to understand the rationale behind the latest decisions of the Indian government, and sometimes I think I do. However, the reality (and market) often react quite differently. Firstly, the Indian government has refused to increase their subsidies for phosphate fertilisers. What does this mean? Importers are forced to continue losing money. With the current subsidies, the import breakeven value is no more than $505 per metric tonne CFR. What is the government trying to achieve? Well, if I am correct, it's a move to intimidate phosphate producers with the potential loss of the world’s largest P2O5 consumer. But is it the right moment? Absolutely not! Suppliers have successfully placed tonnes at least 60 days ahead and at levels well above the latest Indian business. This is evident from our own sales. Indian offers have moved up from $550 per metric tonne CFR to $600-610 per metric tonne CFR in just a month, but even at $610 per metric tonne, the offered quantities are very limited. And don’t forget, it’s not only importers who don’t want to lose money. Local farmers also face shortages of DAP. This is a tough call for the recently formed government. #fertilizers #fertilisers #imstory #india #dap #government #subsidies

In case you missed it, the global urea market is having its very own version of a 1 star review from a major client. The Indian government has only now accepted half of the initially proposed 725,000 MT of urea. Offering to now take only 340,000MT This will shake the global market confidence and increase downward price pressure against all fertiliser. India also announced (as they do every five years) that they intend to grow to be independent producer and slashing import forecasts. India is the worlds largest importer of urea and the accepted global benchmark. Hard to say in an already oversupplied market how this will pan out for the Indian farmer.

India’s urea industry is poised to sharply reduce its reliance on imports, thanks to new production capacities stabilizing under the New Investment Policy 2012, significantly enhancing domestic self-sufficiency. Read more at https://lnkd.in/gA6M3MQ4 #India #urea #industry #IBT #IBTInsights