20 June 2016

IFFCO plans to buy fruit of Neem from farmers

India's largest fertilizer co-operative Indian Farmers Fertiliser Cooperative Limited (IFFCO) has come up with a scheme that will help farmers increase their income. It's a good news for farmers.

The company will purchase fruit of neem (nimori), usually discarded as waste, at the rate of Rs 15 a kilo. Farmers can visit any IFFCO office to sell nimori.

As the government has made it mandatory for fertiliser firms to produce neem-coated urea, the demand for neem extracts is expected to rise. The IFFCO has already planted over 1.5 lakh neem saplings.

Neem coated urea is eco-friendly, cost effective and has efficiency advantages. IFFCO also plans to process the nimori to make agro-based products like oil and fertilizers.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.

IFFCO plans to buy fruit of Neem from farmers

India's largest fertilizer co-operative Indian Farmers Fertiliser Cooperative Limited (IFFCO) has come up with a scheme that will help farmers increase their income. It's a good news for farmers.

The company will purchase fruit of neem (nimori), usually discarded as waste, at the rate of Rs 15 a kilo. Farmers can visit any IFFCO office to sell nimori.

As the government has made it mandatory for fertiliser firms to produce neem-coated urea, the demand for neem extracts is expected to rise. The IFFCO has already planted over 1.5 lakh neem saplings.

Neem coated urea is eco-friendly, cost effective and has efficiency advantages. IFFCO also plans to process the nimori to make agro-based products like oil and fertilizers.

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.

13 June 2016

Urea imports decline 23% in April-May this year compared to same period last year

India  had  imported 7.71 lakh tonnes of urea in April-May 2016 compared to 10.03 lakh tonnes in the same period last year. This is a decline of 23%.

Last financial year 2015-16,urea imports were at 84.74 lakh tonnes, a drop of 3.41%, due to higher domestic production. Official data records show India’s urea imports stood at 87.49 lakh tonnes in the fiscal of 2014-15. The production of urea reached its highest ever capacity of 245 lakh tonnes in 2015-16, a surge of 20 lakh tonnes from the previous output in 2014-15. 

Last year, neem coated urea was made compulsory by the government, as it works as an insecticide and is beneficial to the soil. The coating of urea with neem also helps in diverting the fertiliser to be used for non-agricultural purposes in the industry. 

The annual demand of urea in India is estimated to be 300 lakh tonnes, while output was stagnant at about 220 lakh tonnes in the last few years. The country had to import urea to meet the rest of the demand. 

In India, urea is a controlled fertiliser and is marketed at a fixed price of Rs.5,360 a tonne. The subsidy is based on the difference between the selling price and cost of production, which is then given to the producers. 

Stay tuned to the "Fertilizer News" for more news on Fertilizer sector.