India imports 23.4 lakh tonnes of fertilizer in October

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The country imported 23.4 lakh tons of fertilizers including urea and Di-ammonium phosphate (DAP), in October this year, according to official data. Of the total fertilizer input, DAP was maximum at 14.70 lakh tons, followed by urea at 4.60 lakh tons, Muriate van Potash (MoP) at 2.36 lakh tons and complexes at 1.70 lakh tons in the said month, the data showed.



Meanwhile, domestic fertilizer production stood at 36.19 lakh tonnes in October, falling short of the target of 41.54 lakh tonnes for the month.

Against the estimated need of 71.47 lakh tons of fertilizers for October, availability was less at 64.28 lakh tons, and sales were 53.34 lakh tons during the period, according to the data.

Excluding urea and ammonia, prices of DAP and fertilizers on the world market were up in October compared to the same period a year ago.

Urea is heavily subsidized at Rs 5,360 per tonne in the country. The government also provides subsidies on other fertilizers to ensure that the soil nutrients are available to the farming community at affordable prices.

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