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Commodity Market, Commodities News Today | The HinduBusinessLine

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; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
After Indian PM’s appeal to cut fertilizer use, Govt says...
2026-05-11 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Combined sales of four key fertilisers — Urea, DAP, MOP and complexes — rose 25 per cent to 23.59 lakh tonnes in April 2026 from 18.9 lakh tonnes a year earlier.

Combined sales of four key fertilisers — Urea, DAP, MOP and complexes — rose 25 per cent to 23.59 lakh tonnes in April 2026 from 18.9 lakh tonnes a year earlier. | Photo Credit: VENGADESH R

Amid rising demand and Prime Minister Narendra Modi’s appeal to farmers to reduce the use of chemical fertilizers by 25-50 per cent, the government on Monday said that India has ample stocks of fertilisers for the upcoming kharif sowing season.

Agriculture minister Shivraj Singh Chouhan expressed confidence that it is possible to reduce 50 per cent of chemical fertilisers and still maintain productivity.

The combined sales of all four key fertilizers — urea, di-ammonium phosphate (DAP), muriate of potash (MOP) and complex (combination of N, P, K nutrients) — rose 25 per cent to 23.59 lakh tonnes (lt) in April 2026, compared with 18.9 lt in the corresponding period a year ago. While DAP sales rose by a maximum of 57 per cent to 3.45 lt, complex surged by 44 per cent to 5.15 lt. Urea sales, too, were up 14 per cent to 13.93 lt, and those of MOP by 12 per cent to 1.06 lt.

PM’s call

On Sunday, the Prime Minister , appealed to the farmers to cut the use of chemical fertilizers by 25-50 per cent to save foreign exchange as well as soil. Reminding people that one bag of fertilizer (Urea) is sold at ₹3,000 in other countries, he said the government has taken on the burden by making it available to farmers in India at less than ₹300/bag.

“We need to take a pledge...we have to do it,” he said, stressing the need to curb fertilizer application as the soil is getting degraded. One day, the soil would stop producing, Modi warned and suggested that farmers move towards natural farming.

Panic buying

In the inter-ministerial briefing on West Asia on Monday, Aparna S Sharma, Additional Secretary in the Department of Fertilizers, said that there was some panic buying initially (after the war). She also said that the Central and State governments are making efforts to promote the balanced use of fertilizers and curb excessive use. States are taking action to curb hoarding and check the diversion of soil nutrients for commercial use.

“India’s fertiliser security remains comfortable and well managed,” She said, adding the current stock level is more than 51 per cent of the total demand of 390.54 lt for the Kharif 2026 season, which is significantly higher than the usual level of 33 per cent. She further said that after the war, the domestic production was 76.78 lt while imports were 19.94 lt.

The government earlier had said that domestic production for March-April was at 67.76 lt — urea 40.72 lt, DAP 5.39 lt, complex 13.65 lt. India does not produce MoP as it is 100 per cent import dependent.

Subsidy pressure

On the fertiliser subsidy bill, she said it would be cleared in due course to maintain the liquidity of fertiliser companies. She said that against a ₹2.21 lakh crore fertiliser subsidy in the last fiscal, the Budget Estimate for FY27 is ₹1.77 lakh crore.

However, as global fertilizer prices have gone up, with Urea nearly doubling, the government would factor those in when the subsidy is finalised.

Published on May 11, 2026