Published on September 29, 2014

The fertiliser sales have been boosted with the revival of monsoon in the month of July–August, 2014, moreover on better rabi off take the nutrient makers are buoyant of a good season, according to the industry experts. According to the sources, amid the nutrient makers the concern over the tardy monsoon season had triggered however with the revival of rains the demand had elevated. Beside this, the lower opening stocks through the distribution channel assisted the sales.

Furthermore, the Ministry of Chemicals and Fertilisers have decided to reduce the quota for rabi crop, despite the fact that the state is facing acute shortage of fertiliser in particular in urea, according to the sources. Moreover, in view of the good rainfall received by the state during the kharif season, the State Government has demanded 1.5 lakh tons of urea supply during the following rabi.

According to the industry experts, in compare to the corresponding period last year the sales of urea were slightly down till mid-August, 2014 and stood at 94.38 lakh tons against 97.75 lakh tons, despite the fact that of complexes were a bit higher. Moreover during the month of April-August 2014, the urea imports were curtails by about a third at around 22 lakh tons against 31.27 lakh tons in the corresponding period last year.

As per the sources, on 25th September, 2014 two major Indian and Japanese agrochemical companies Insecticides India Ltd (IIL) based in India and Japanese company OAT Agrio Co Ltd have equipped their new research and development (R&D) facility at Chopanki, Rajasthan. In addition to this, for discovery of new molecules which will be helpful for chief crops such as cotton, wheat and rice, has set the ball rolling with the coming of the two jointly companies.