India’s fertiliser and agriculture sectors are ablaze with success, boasting impressive achievements as of February 2024. With substantial increases in production and sales of key fertilizers like Urea, DAP, and NPKs, the total fertilizer production surged to an impressive 41.8 million tons. Urea led the charge with 28.9 million tons, closely followed by NPKs at 8.9 million tons, and DAP contributing 4.1 million tons, marking a remarkable accomplishment for the nation.
From April 2023 to February 2024, India witnessed remarkable growth in sales across key fertilizers, with Urea, DAP, MOP, and NPKs boasting impressive increases of 4%, 3%, 4%, and an outstanding 12%, respectively, compared to the previous year. Notably, NPK sales surged significantly, showcasing excellent growth compared to the preceding year.
India’s fertiliser import landscape underwent significant shifts from April 2023 to February 2024, witnessing a notable decline of 10% in Urea, 20% in DAP, and 18% in NPKs imports compared to the previous year. Conversely, MOP surged with an impressive growth rate of 52%. This trend aligns seamlessly with the government’s vision under the Atma Nirbhar Bharat initiative, emphasizing reduced reliance on imports and bolstering local alternate indigenous fertilisers.
India’s fertiliser industry is flourishing, painting a picture of success with every increase in production and sales. It’s not just about fertilizers; it’s a testament to India’s unwavering commitment to bolstering agriculture, meeting growing demands, and nurturing better farms for a prosperous future.
