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Commodity Market, Commodities News Today | The HinduBusinessLine

Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; 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Industry body urges Maharashtra to retain inspector-free fertilizer policy
2026-04-07 · via Commodity Market, Commodities News Today | The HinduBusinessLine

The Indian Micro Fertilizers Manufacturers Association (IMMA), representing a majority of India’s micronutrient manufacturers, has urged the Maharashtra government to retain its inspector-free regulatory framework for the fertilizer sector, warning that any rollback could adversely impact ease of doing business and investor confidence.

In a letter dated April 4 addressed to Chief Minister Devendra Fadnavis, the association highlighted that Maharashtra had become the first State in the country to implement an inspector-free regime through a government order issued in June 2025. The move, IMMA noted, had been widely appreciated for promoting trust-based governance, encouraging grassroots manufacturing, and strengthening industry confidence.

The association, which claims to represent nearly 80 per cent of India’s micronutrient manufacturing sector, emphasised its long-standing collaboration with government authorities in enhancing agricultural productivity and farmer incomes. It pointed to its involvement in policy-making bodies, including committees under the Bureau of Indian Standards, as evidence of its institutional role in shaping the sector.

Regulatory system

However, IMMA expressed concern over a reported proposal to reintroduce an inspector-driven regulatory system, involving increased deployment of inspectors with broad enforcement powers. According to the letter, discussions on this proposal were held in October 2025 and January 2026 without adequate participation from key industry stakeholders.

IMMA further argued that reinstating a more restrictive regulatory framework could undermine Maharashtra’s position as a leader in progressive agri-sector reforms. It warned that the spirit of trust-based governance, which has enabled better collaboration between industry and government, may be weakened if the proposal is implemented.

Calling for a reconsideration, the association urged the Chief Minister’s office to withdraw any move towards reinstating the inspector-based regime. It maintained that continuing the current framework would help sustain investment, boost innovation, and strengthen agricultural productivity in the state.

The letter, signed by IMMA President Rahul Mirchandani, also reiterated the industry’s commitment to working closely with the government in advancing shared goals of farmer welfare, agricultural growth, and ease of doing business.

More voices

Leading associations representing India’s agri-input and fertilizer industry also urged Chief Minister Devendra Fadnavis, to retain the State’s inspector-free regulatory framework and reconsider any proposal to reintroduce an inspector-driven system for manufacturers and importers.

Industry bodies including Soluble Fertilizer Industry Association (SFIA), Pesticides Manufacturers & Formulators Association of India (PMFAI), Organic Agro Manufacturers Association (OAMA), Maharashtra Biocontrol Manufacturers Association (MBMA) and IAIM – Indian Agro Inputs Manufacturers Association have jointly expressed concern over reports suggesting the possible return of an inspection-heavy regulatory regime.

Published on April 7, 2026