Fertiliser gross sales rise 3% to 58 million tonnes in Apr-Feb of FY24

Gross sales of key fertilisers within the 11 months of the present fiscal as much as February are up by 3 per cent at 57.57 million tonnes (mt) primarily on increased utilization of DAP and complicated varieties whereas urea consumption has been stagnant, in keeping with official information. Nevertheless, besides MoP, imports of all different fertilisers have been decrease throughout April-February of 2023-24.

Lately whereas asserting the nutrient-based subsidy for the Kharif 2024 season, the federal government raised the subsidy for phosphorus, the important thing nutrient of DAP, to  ₹28.72/kg from ₹20.82/kg, whereas holding the monetary help for different vitamins at similar ranges as they have been in Rabi 2023-24 season.

In line with the most recent official information, general consumption of urea till February 29 within the present fiscal elevated by 0.3 per cent to 34.12 mt from 34.12 mt a yr in the past, whereas gross sales of all fertilisers put collectively elevated a modest 2.8 per cent to 57.57 mt from 56 mt, primarily as a consequence of increased gross sales of complicated and di-ammonium phosphate (DAP) fertilisers.

Nao-urea affect

The entire gross sales of DAP surged 5 per cent to 10.64 mt throughout April-February from 10.14 mt year-ago, muriate of potash (MOP) was flat at 1.52 mt and complicated elevated by 9.6 per cent to 11.2 mt from 10.22 mt year-ago. Complicated fertiliser is a mix of nitrogen (N), phosphorous (P), potash (Ok) and sulphur (S) vitamins.

In February, Fertiliser Minister Mansukh Mandaviya stated India’s standard urea consumption would prone to decline by 2.5 mt this fiscal on a rise in demand for nano liquid urea and the federal government’s efforts to discourage using chemical compounds. Urea consumption was 35.7 mt throughout FY23.

He stated consumption of standard urea has gone down in 344 districts, however gross sales of nano-urea has elevated in 74 districts. He was hopeful that India could be self-sufficient in urea by 2025.

Import of urea, managed by the federal government, was 6.67 mt throughout 11 months to February in opposition to 7.4 mt year-ago, a fall of 9.8 per cent. There was report import of urea at 9.83 mt throughout FY 2020-21.

Subsidy tops ₹1.2 lakh

Import of general fertilisers additionally dropped 10.2 per cent to 16.05 mt from 17.87 mt year-ago, during which complicated import declined 18 per cent at practically 2 mt from 2.44 mt and DAP by 20.1 per cent to five.31 mt from 6.65 mt. However, MOP import surged 48.6 per cent to 2.07 mt from 1.39 mt.

Manufacturing of all fertilisers was up by 4.5 per cent to 46.56 mt from 44.57 mt, which included urea at 28.91 mt (in opposition to 25.98 mt year-ago), DAP 4.07 mt (4.02 mt), Complicated 8.86 mt (8.71 mt), SSP 4.13 mt (5.19 mt) and Ammonium Sulphate 0.58 mt (0.67 mt).

In the meantime, urea subsidy has reached ₹1,20,609.74 crore, which is 93.8 per cent of Revised Estimate of Rs 1,28,594 crore. Potash and phosphorus subsidy have been at ₹60,054.09 crore, which is 99.6 per cent of ₹60,300 crore allotted in Funds (Revised Estimate). The federal government has raised the Budgetary allocation for all of the fertiliser subsidy from of ₹1.75-lakh crore in BE to ₹1.89-lakh crore in RE of FY24.