FERTILISERS
Two urea plants with 25.4 LT annual capacity to start production soon
India is set to boost its urea production with two new plants commencing operations soon. These facilities will add 25.4 lakh tonnes to the annual capacity. This development aims to significantly reduce the country's reliance on imported fertilizers. The government highlights this as a key step towards self-sufficiency in the agricultural sector. Farmers will benefit from stable fertilizer availability.
Adequate fertiliser stocks available, Govt ready to tackle El Nino impact: Shivraj Singh Chouhan
Union Agriculture Minister Shivraj Singh Chouhan confirmed ample fertilizer stocks for farmers. He assured continued availability of urea and di-ammonium phosphate at subsidized rates. The government is prepared for the potential impact of El Nino. India is also promoting organic farming for sustainability. Discussions at the BRICS agriculture meeting covered balanced fertilizer use.
Logistics firm A1 Ltd secures orders worth Rs 35 crore
Logistics firm A-1 Ltd has secured new orders totaling Rs 35 crore from prominent industrial houses, including Solar Industries Ltd, Mahadhan Agritech, and Sai Baba Polymer. These contracts, scheduled for execution by June 2026, significantly boost the company's revenue visibility for the current fiscal year.
Weak monsoon may drag agri GDP into contraction
Indian agriculture is at a crossroads, facing significant hurdles in the coming years. Analysts project little to no growth for agricultural GDP in 2026-27, compounded by El Nino fears pushing farmers to adopt less water-reliant crops. While this could alleviate water scarcity, it risks diminishing farm income and curtailing rural consumer activity.
EU to make it harder to suspend carbon fee on imports
EU economy ministers have agreed to restrict the suspension of the bloc's carbon emissions fee on imports, aiming to boost certainty for low-carbon investments.
- Go To Page 1
Urea imports may get 50% cheaper before kharif season as China eases supplies
India is set to import urea at significantly lower prices. This development follows a sharp decline in global urea rates after a recent spike. The reduced import cost is expected to ease pressure on India's fertilizer subsidy bill. This comes as a relief for the country, a major urea importer.
Govt leaving no stone unturned to make farmers' lives easier: Prime Minister Modi
Prime Minister Narendra Modi states farmers are vital for India's food security. The government is actively working to improve farmers' lives. Schemes like PM-Kisan Samman Nidhi and Fasal Bima Yojana secure farmer income. PM-KUSUM offers solar energy, reducing costs. Kisan Credit Cards provide easy loans. The 'seed to market' initiative ensures fair prices.
'Not an era of war': EAM Jaishankar calls for dialogue & diplomacy as global conflicts escalate
India's Foreign Minister S Jaishankar met with Bulgarian leaders. He stressed dialogue and diplomacy to resolve global conflicts. He highlighted the need for resilient supply chains and safe maritime trade. India also raised concerns about energy, food, and fertilizer security. Both nations agreed on zero tolerance for terrorism.
Agriculture Ministry's FY27 budget at Rs 1.4 lakh crore a five-fold jump from 2013-14 level
The Modi government has five-folded the agriculture ministry budget to Rs 1.4 lakh crore for 2026-27. Over 3,000 climate-resistant crop varieties were released. Farmers received Rs 4.3 lakh crore under PM-KISAN. Fertiliser subsidy rose to Rs 2.21 lakh crore. Foodgrain production reached a record 3,577 lakh tonnes. Agriculture exports grew by 37 percent.
FACT, Chambal Fertilisers shares up to 5% as government eyes doubling fertiliser subsidy allocation
Fertiliser stocks rallied after reports of a proposed doubling of subsidy allocation to Rs 1.71 lakh crore for FY27. Rising global prices and supply disruptions linked to West Asia tensions are driving concerns. FACT and Chambal Fertilisers gained up to 5%, while analysts track subsidy trends and import costs closely.
Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burden
The Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. This comes as the government faces rising energy and fertiliser costs. Officials are working to boost non-tax revenues to meet spending pressures. The government has also provided support to the oil sector.
Strong consumption keeps growth steady amid Iran war cost concerns
India's economy shows steady growth driven by domestic demand. The West Asia conflict presents challenges like higher oil prices. The government plans to attract more foreign investment and boost revenue through asset sales. Efforts are underway to support farmers and consumers amidst rising costs. The GST Council will discuss further reforms soon.
Fertiliser Ministry seeks to double subsidy from Rs 1.71 lakh crore budgeted for FY27 as Iran war hits costs
With rising prices of imported soil nutrients stemming from ongoing conflicts in West Asia, the fertiliser ministry is pushing for a substantial hike in subsidy allocations for the current fiscal year. This move underscores the government's commitment to farmers, who rely heavily on state-supported urea and P&K fertilisers.
India eyes more FDI, speed up divestment, asset monetisation as economy faces external risks
India's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to maintain economic growth despite rising fuel and fertilizer import costs. Domestic consumption remains strong, providing a buffer against external challenges. The government is also working to deepen capital markets and attract long-term foreign capital.
GDP growth momentum intact, no need for additional borrowing so far: Govt sources
India's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth momentum. Government sources indicate no immediate need for extra borrowing. Disinvestment and asset monetisation are being pursued to boost non-tax revenue. Macroeconomic data will be reassessed in July. Reforms to boost foreign investment are planned.
India scrapping tax for foreign investors in govt bonds aimed at inclusion in Bloomberg index, govt official says
India has removed capital gains tax on foreign investments in government bonds. This move aims to help India join Bloomberg's Global Aggregate Index. Meanwhile, the fertiliser ministry is requesting more subsidy funds. This is due to rising global prices influenced by the U.S.-Israeli conflict with Iran.
Indian economy, government finances, see mounting costs from Iran war
India's economy, once humming with benign inflation and steady growth, now faces mounting costs from the Iran war. As a major oil importer, disruptions to supply and elevated prices are impacting growth, inflation, and government finances. The central bank's ability to manage these shocks is increasingly difficult.
India, UK talks progressing on resolving issues for trade pact implementation: Official
India and the UK are making good progress on their free trade agreement. Discussions are ongoing to resolve issues like the UK's steel safeguard measure and carbon border adjustment mechanism. These measures have been a sticking point for the agreement. Both sides are working on proposals and counter-questions to find a solution.
'Making in Russia for India' eyes fertilisers, critical mineral mining JVs
India's envoy to Moscow, Vinay Kumar, has proposed a 'Making in Russia for India' model. This initiative aims to boost industrial ties across sectors like fertilisers and critical minerals. Joint ventures in Russia will create a captive export market for India. The countries are also working towards a $100 billion trade target.
India to account for half of global oil demand growth over next decade: Rosneft CEO
Rosneft CEO Igor Sechin stated India will drive nearly half of global oil demand growth over the next decade, projecting consumption to reach eight million barrels per day by 2035. He highlighted Russian oil supplies' economic benefits to India and China, exceeding $40 billion since April 2022, and warned of food price hikes due to potential Strait of Hormuz disruptions.
West Asia crisis: Why India needs a fertiliser security strategy
India’s fertiliser security is deeply tied to global supply chains. The country imports 60% of its DAP requirement, remains fully dependent on imported potash, and even domestic urea production relies heavily on imported liquefied natural gas.
India's ageing ammonia plants need upgradation, says industry body FAI
India's fertiliser sector faces a challenge with its heavy reliance on imported natural gas. The Fertiliser Association of India is urging for improved efficiency and new technology in ammonia production. This is crucial for strengthening domestic fertiliser security. The industry is working towards better plant operations and maintenance.
BRICS and the new geography of agri-trade
India’s BRICS chairship in 2026 comes as agricultural trade faces new challenges beyond tariffs, including climate shocks, food-price volatility, fertiliser supply disruptions, sustainability requirements and digital traceability standards. With BRICS now accounting for nearly half the world’s population, around 40% of global GDP and $1.17 trillion in intra-group trade, agriculture has become a strategic area for cooperation.
A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine print
India’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route for imports. The crisis comes just as India faces a below-normal monsoon forecast, with the IMD projecting rainfall at 90% of the long-term average and a 92% probability of El Niño conditions, raising concerns over crop output and food inflation.
Fertiliser firms seek more green ammonia as Iran war disrupts supplies
India's government is reviewing green ammonia demand from fertiliser companies. This comes as companies seek more long-term supply contracts. Geopolitical issues have disrupted conventional ammonia supplies and raised import costs. Fertiliser makers are now finding earlier fixed prices for green ammonia more attractive. This reassessment is significant given India's large ammonia needs.
India trims fertiliser demand for kharif season as weak monsoon outlook triggers reassessment
In anticipation of the upcoming sowing season, India is making strategic changes by reducing its fertilizer requirements due to forecasts of insufficient monsoon rainfall. This adjustment means lower demand for urea and DAP, while farmers are encouraged to minimize their reliance on chemical fertilizers, promoting better soil health.
Load More
