S C Mudgerikar, CMD of RCF, said the RCF apart from manufacturing chemical fertilisers and industrial products is actively engaged in promoting the use of organic fertilisers and non-chemical bio fertilisers.
Now nano nitrogen will soon be commercially available to farmers,” said a fertiliser ministry official, who did not wish to be identified. “This will help cut our dependence on import. Last year we had imported more than 9 million tonnes of urea.” The approval is initially for three years, which may be extended after a proper review of its commercial use, said the official.
"The agriculture sector is currently the largest end-user of Ethiprole, which is emerging as one of the best insecticides for a variety of crops. With our new insecticide plant, we will fulfil domestic needs for Indian agriculture and also export to global agricultural markets.
This reduction in NP fertiliser, which contains nitrogen and superphosphate, is in line with the declining agriculture input cost to farmers and the Prime Minister's plan of doubling the farmers' income by 2022, it said.
"Higher area under cultivation and 4 per cent increase in minimum support prices during kharif season for key crops such as paddy, cotton, groundnut, soybean and bajra (66 per cent of domestic crop production) will boost agrochemicals consumption this fiscal," Crisil Ratings Director Sameer Charania said.
BASF signed a memorandum of understanding with Abu Dhabi National Oil Company (ADNOC), Adani Group and Borealis AG in October 2019 to evaluate a collaboration to build the chemical site in Mundra, in India's Gujarat state.
The Indian specialty chemical sector, which had witnessed healthy revenue growth in the past few years aided by growth in domestic demand as well as increasing exports, was adversely impacted in the first quarter of 2020-21 due to the coronavirus-induced lockdowns and disruptions, ICRA Ratings said in a report.
The company has achieved this significant growth due to the large quantity of Dichloro Diphenyl Trichloroethane (DDT) and agrochemicals shipped to Southern African countries, Latin America and Iran during the period.
Consumption of urea is directly related to subsidy burden on the government, which provides for over 70% on the cost of urea. The government has estimated subsidy of Rs 48,000 crore on urea for 2020-21.
As per the complainant, local production of phenol is unable to meet domestic demand, leading to increased dependency on import of phenol. Majority of phenol consumed in India is imported by a few importers and it alleged that these importers have formed a cartel to control the supply and prices of phenol in Indian markets.
"Department of Fertilizers under the Ministry of Chemicals and Fertilizers has been ranked 2nd amongst the 16 Economic Ministries / Departments and 3rd out of the 65 Ministries / Departments with a score 4.11 on a scale of 5 on Data Governance Quality Index (DGQI)," an official statement said on Friday.
IFFCO Managing Director U.S Awasthi has tweeted that there is a huge spike in the cost of raw materials in the international market, but it will not increase the price of fertilisers, an official statement said.
Cabot Sanmar Ltd filed the application before the commerce ministry's investigation arm DGTR, seeking initiation of an anti-dumping probe concerning imports of 'Untreated Fumed Silica' from these two counties.