You are currently viewing India Monthly Fertilizer & Agri Scenario Report: August 2021

India Monthly Fertilizer & Agri Scenario Report: August 2021

NPK Production during April-August increased by 9%; however, Urea and DAP Production were reduced by 4% and 11% over last year corresponding Period (Apr-August).

Imports of DAP, MOP and NPK were decreased by 30% , 65% and 25% respectively over last year corresponding Period (Apr-August), however Urea imports increased by just 1%.

Sale of Urea, DAP MOP and NPK were dipped by 9%, 29%, 31% and 1.5% over last year corresponding Period (Apr-August).

PAN India urea sales deficit by 9% (1.2 million tons). Maximum hit is in east zone which is deficit by 22% (o.4 million tons), followed by west zone by 12% (0.5 million tons).

PAN India DAP sales deficit by 29% (1.5 million tons). Maximum hit is in north zone which is deficit by 40% (o.6 million tons), followed by west & east zone by 30% (0.6 & 0.2 million tons) and South zone by 9% (0.1 million tons) .

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PAN India MOP sales deficit by 31% (0.4 million tons). Maximum hit is in east zone which is deficit by 45% (0.1 million tons), followed by north & south zone by 33% (0.1 million tons) & 31% (0.2 million tons) and west zone by 20% (0.1 million tons).

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PAN India NPK sales dipped by just 2% (0.1 million ton). East & South zone sales climbed by 3% (0.02 & 0.08 million tons). However deficit is reported in north zone by 13% (0.03 million tons), west zone by 8% (0.14 million tons).

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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.

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Source: DOF

India’s Urea Projects Progress till August’21

HURL Gorakhpur urea project have achieved more than 93% progress and expected to commission in November’21 as per report. HURL Barauni and Sindri projects achieved more than 90% progress and expected to commissioned in FY; 2021-22Ramagundam Fertilisers and Matix Fertilisers And Chemicals Limited have recently started their commercial production.

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Forex shown downward trend over July’21, however less than August’20 by $0.37.

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Crude oil (WTI) price in India shown upward trend in last two weeks, however shown downward in first three week of August’ 21.

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International Fertilizer Price Update August’ 21

Skyrocketing Global fertilizer prices continuously are either on uptrend or consolidating. Black Sea Urea Price have touched US $ 446.88 per ton in August’ 21, Morocco Rock Phosphate Price for August’ 21 is US $ 136.88 per ton, Henry Hub Natural Gas Price US $ 4.33 per MMBTu, however, US DAP Spot Price (Gulf) is consolidating with a little dip at US $ 603.13 per ton.

International Urea Monthly Spot Price (Black Sea)

Black Sea Urea Price for August’ 21 is US $ 446.88 per ton which is just 1.22% more than July’ 21 prices of US (Black Sea) $ 441.5 per ton, however it is 179% more than last year during same month (August’ 2020 – US $ 249.5 per ton).

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US DAP Monthly Spot Price (Gulf)

US DAP Spot Price (Gulf) for August’ 21 is US $ 603.13 per ton which is dipped by 1.61% than July’ 21 prices of US $ 613 per ton and 176% more than last year during same month (August’ 20 – US $ 341.88 per ton).

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Morocco Rock Phosphate Monthly Spot Price

Morocco Rock Phosphate Price for August’ 21 is US $ 136.88 per ton, which is up by 9.5% than July’ 21 prices, however 178% more than last year during same month (August’ 2020 – US $ 76.88 per ton).

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Henry Hub Natural Gas Monthly Spot Price

Henry Hub Natural Gas Price for August’ 21 is US $ 4.33 per MMBTu which is 7.71% more than July’ 21 prices of US $ 4.02.75 per MMBTu and 188% more than last year during same month (August’ 20 – US $ 2.3 per MMBTu).

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Kharif crop sowing deficit by 16.5 lakhs ha (1.56%) over last year, as on 20th August in India.

Major shortfall is in cotton by 8.3% (10.65 lakh ha), total coarse cereals by 1.6% (2.76 lakh ha), total oil seeds by 1.09% (2.08 lakh ha) and paddy by 1.07% (4.04 lakh ha), however area increased in total pulses by 1.67% (2.21 lakh ha), Sugarcane by 1.45% (0.78 lakh ha) and Jute by 1.01% (0.07 lakh ha).

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India (-9%) has received normal rains. The live storage available in 130 reservoirs is 83% of the live storage of corresponding period of last year and 96% of storage of average of last ten years.

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