NPK Production during April-September up by 9.6%; however, Urea and DAP Production have dipped by 4% and 27% over last year corresponding Period (Apr-September).
Imports of Urea, DAP, MOP and NPK were decreased by 11% , 43%, 62% and 21.5% respectively over last year corresponding Period (Apr-September. Hike in international fertilizer import price impacted imports drastically.
Sale of Urea, DAP MOP and NPK were dipped by 8%, 35%, 39% and 1.9% over last year corresponding Period (Apr-September).
PAN India urea sales deficit by 8% (1.3 million tons). Maximum hit is in east zone which is deficit by 19% (o.4 million tons), followed by west zone by 15%(0.7 million tons).
PAN India DAP sales deficit by 35% (2.2 million tons). Maximum hit is in north zone which is deficit by 47% (1.0 million tons), followed by west & east zone by 35% (0.9 & 0.3 million tons) and South zone by 10% (0.1 million tons)
PAN India MOP sales deficit by 39% (0.7 million tons). Maximum hit is in east zone which is deficit by 51% (0.2 million tons), followed by north & south zone by 40% (0.1 million tons) & 41% (0.3 million tons) and west zone by 24% (0.1 million tons).
PAN India NPK sales dipped by just 2% (0.1 million ton). East & West zone sales decreased by 9% (0.07 Million tons) and 10% (0.22 million tons). However increase is reported in South zone by 1% (0.03 million tons).
India’s Fertilizer Subsidy Expenditure till August’21
India fertilizer subsidy expenditure till August’21 is INR 40178 Crores which is 48% of total subsidy budget, excluding additional subsidy budget of INR 14475 Crores for P & K fertilizers.
Government of India has fully paid fertilizer subsidy up to August’21.
India’s Urea Projects Progress till August’21
HURL Gorakhpur urea project have achieved more than 93% progress and expected to commission in December’21 as per report. HURL Barauni and Sindri projects achieved more than 90% progress and expected to commissioned in FY; 2021-22. Ramagundam Fertilisers and Matix Fertilisers And Chemicals Limited have recently started their commercial production.
Forex shown little bit up trend over August’21.
Crude oil (WTI) price in India shown upward trend over last month.
International Fertilizer Price September’21 Update
US DAP Spot Price (Gulf) is consolidating with a increase of 6.7% at US $ 643.75 per ton, in the month of September, 21. Morocco Rock Phosphate Price is US $ 147.5 per ton with a hike of 7.76%, Henry Hub Natural Gas Price have drastically increased to a level of US $ 5.94 per MMBTu with a hike of 37%, however, Black Sea Urea Price have dipped to US $ 418.75 per ton in September’ 21.
International Urea Monthly Spot Price (Black Sea)
Black Sea Urea Price for September’ 21 is US $ 418.75 per ton, dip by 6.29% from August’21 price, however it is 167% more than last year during same month (September’ 2020 – US $ 250.5 per ton).
US DAP Monthly Spot Price (Gulf)
US DAP Spot Price (Gulf) for September’ 21 is US $ 643.13 per ton with increase of 6.7% than August’ 21 prices of US $ 603.13 per ton and 180% more than last year during same month (September’ 20 – US $ 358.38 per ton).
Morocco Rock Phosphate Monthly Spot Price
Morocco Rock Phosphate Price for September’ 21 is US $ 147.5 per ton, which is up by 7.76% than August’ 21 prices, however 186% more than last year during same month (September’ 2020 – US $ 79.38 per ton)
Henry Hub Natural Gas Monthly Spot Price
Henry Hub Natural Gas Price for September’ 21 is US $ 5.94 per MMBTu which is 37.18% more than August’ 21 prices of US $ 4.33 per MMBTu and 309% more than last year during same month (September’ 20 – US $ 1.92 per MMBTu)
Kharif crop sowing deficit by 9.3 lakhs ha (0.89%) over last year, as on 30th September in India.
Major shortfall is in cotton by 5.76% (7.3 lakh ha), total coarse cereals by 2.32% (4.14 lakh ha), total oil seeds by 1.27% (2.58 lakh ha) and paddy sowing is almost same (414 lakh ha), however sunflower area increased by 23% (0.28 lakh ha), Sugarcane by 1.65% (0.9 lakh ha) and Jute by 1.01% (0.07 lakh ha).
India (-1%) has received normal rains. The live storage available in 130 reservoirs is 92% of the live storage of corresponding period of last year and 104% of storage of average of last ten years.