CCEA Allowed Fertiliser Manufacturers To Charge 5pc Up

New Delhi: The Cabinet Committee on Economic Affairs on Thursday allowed fertiliser manufacturers to charge up to a maximum of 5 per cent over and above the notified selling prices for all the fortified/coated-subsidised fertilisers that are approved under the Fertiliser Control Order except for zincated urea and boronated SSP.

In case of zincated urea and boronated SSP, the manufacturers will be allowed to sell at prices higher by up to 10 per cent above maximum retail price, Finance Minister P. Chidambaram said here.

The CCEA also decided that the manufacturers will be allowed to produce fortified/coated fertilisers up to a maximum of 20 per cent of their total production of respective subsidised fertilisers.

The percentage will be reviewed by the Departments of Fertilisers and Agriculture & Cooperation from time to time to take into account the demand and availability of such fertilisers in the country, he said.

The move will help in increasing higher agricultural productivity and ensure adequate availability of non-fortified / coated fertilisers and would also provide the farmers with wider choice, the Minister said.

Fertilizer Glut Likely By 2012

NEW DELHI: Farmers across the world will not face any shortage of fertilizers in four years’ time.

If a UN Food and Agriculture Organisation report is anything to go by, global fertilizer supply is expected to outstrip demand by 2011-12 and will support higher levels of food and bio-fuel production.

The supply of fertilizer — nitrogen, phosphate and potash nutrient — in the global market will be surplus at 241 million tonnes in 2011-12 compared with the demand of 216 million tonnes, according to the report ‘Current World Fertiliser Trends and Outlook to 2011-12’.

FAO fertilizer expert Jan Poulisse said high commodity prices experienced over recent years led to increased production and correspondingly to greater fertilizer use, leading to tight markets and higher fertiliser prices.