No proposal to hike urea price: Govt

Tags: urea price, News
There is no proposal to hike price of urea and the government will continue to provide subsidy to farmers for the soil nutrient, the Lok Sabha was informed today.

Chemicals and Fertilizers Minister Ananth Kumar said while the demand for urea is 31 million tonne, the country produces only 22 million tonne. The rest is imported.

He said there will be no shortage of urea at subsidised rates for the farmers.

Responding to supplementaries, he said there is no proposal to hike urea prices and subsidy will continue to be provided for the nutrient to the farmers.

He said the government is in the process of acquiring assets in various countries, including Russia and Canada, through joint ventures so that "near" self reliance can be achieved.

India already has joint ventures with Oman, Senegal, Jordan and Morocco in the fertiliser sector.

The minister said there was a need to educate farmers to use micro nutrients and shift to organic manure.

He said the proposed Haldia-Jagdishpur GAIL gas pipeline will help fertiliser plants in various states in their respective revival plans.

While 46 mmbtu of gas is required for fertilizer plants, only 31 mmbtu is available in the country at a cost of USD 4.2 per mmbtu. He said the gas is imported at a high cost.

Referring to various steps undertaken by the government to ensure adequate supply of subsidised chemical fertilizers to farmers, he said month-wise demand is assessed and projected by the Department of Agriculture and Cooperation in consultation with the state governments before commencement of each cropping season.

Based on the projects, the Department of Fertilisers allocates sufficient quantity of fertilizer to states by issuing monthly supply plan and continuously monitors the availability.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The survey paints an optimistic future, but sees little scope for a bang

    The Economic Survey, which comes out a day before the Union budget, is widely regarded as its forerunner, an indicator of things to come 24 hours late

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

The hidden attractions of Japan

We live in the Asian century. During the past two ...

Zehra Naqvi

Star power

Being a part of the generation that gorged on Shah ...

Bubbles Sabharwal

The waking moment decides the day

There was a little girl/ Who had a little curl/ ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture