Agriculture

State-run STC has contracted to import 14 lakh tonnes (LT) of urea at a price of USD 214-217 per tonne for delivery in July to meet the fertiliser demand during the kharif season beginning next month. The country imports about 80 lakh tonnes of urea annually to meet the domestic demand. Indian Potash (IPL), MMTC […]

Rallis India’s wholly-owned subsidiary Metahelix Life Sciences (Metahelix), has entered into a Joint Venture (JV) with Indonesian local partner for the establishment of a seed production and distribution company viz. PT Metahelix Lifesciences Indonesia. Metahelix will have 49% stake in the PT Metahelix Lifesciences Indonesia. The current paid up capital of the JV entity is […]

The government owes more than Rs 43,000 crore to the fertiliser industry on account of subsidy, Parliament was informed today. Urea is a controlled fertiliser and its selling price is fixed at Rs 5,360 per tonne, with government paying the difference between the cost of production and selling price as subsidy to the manufacturers. The […]

The District Industries Centre has given approval to Dhanuka Agritech’s Udhampur unit in Jammu & Kashmir to double its capacity to 11,800 tpa. The company has also received permission from the J&K State Pollution Control Board to handle hazardous wastes for pesticide formulation and consent to operate the fresh expansion. The company has stated it […]

India has achieved record urea production of 24.5 million tonnes in the 2015-16 fiscal, which could lead to reduction of imports by 2 million tonnes, the government said today. “For food security of the country, it is very important to ensure the soil nutrient security for the farmers and that’s what we all are aiming,” […]

Urea imports increased by 6 percent to 83.09 lakh tonnes in April-February this fiscal due to lower prices of the fertiliser in international markets. The country had imported 78.43 lakh tonnes (LT) of urea in the same period a year ago, according to official data. The rise in imports was due to lower prices of […]

Agro-chemical firm Rallis India has received green clearance for setting up of a Rs 200 crore manufacturing unit in Gujarat. The Union Environment Ministry has given the green signal based on the recommendations of the Expert Appraisal Committee (EAC). As per the proposal, the company will set up a manufacturing plant with a capacity to […]

State-run agrochemical firm HIL is looking to foray into the fertiliser business in the next fiscal and aiming Rs 350 crore from sales in this segment over the next two years. The Department of Fertilisers has already certified Hindustan Insecticides Ltd (HIL) as importer of decontrolled phosphatic and potassic fertilisers. “The HIL is looking at […]

Homegrown diversified group Mahindra & Mahindra (M&M) today announced plans to consolidate its agri business under a single entity by transferring its agriculture division to a wholly-owned arm. Company’s Board of Directors approved a proposal to transfer the agri business to Mahindra Shubhlabh Services Ltd (MSSL), M&M said in a BSE filing. The agri business […]

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