Page 179 - CW E-Magazine (10-9-2024)

Special Report

and MRPs to the farmers for adminis- to remain hopeful that as in the past, without considering the cost of
trative convenience. Government will extend help by way manufacture or import; and
Target Your Market More Effectively
of additional allocation in fertiliser  Non-compensation of losses on

The budget allocation on fertiliser subsidy in case upward trends in prices import of DAP.
ChemImpex
IndiaChemTrade
subsidy for 2024-25 has been maintained of the commodities are envisaged.
at the interim budget levels announced In addition, refund of unutilised
For subscribers only
input tax credit (ITC) in respect of
in February 2024. The subsidy provision Interventions needed Free for subscribers of Chemical Weekly
is Rs. 164,103-crore, which is lower by Fertiliser industry has been respon- both input and input services under the
ChemImpex, the trade database, tracks, on a daily
IndiaChemTrade provides consolidated trade statistics
Rs. 24,799-crore from the revised budget sibly performing the task of making inverted duty structure due to exemp-
of India. The information provided here is based on the
basis, exports and imports of chemicals and related
estimate (RBE) of 2023-24. For urea, it is fertilisers available to farmers across tion of subsidy from levy of GST and
products through the major ports in India — a vital
annual trade data published by the Directorate General
Rs. 119,000-crore for 2024-25, compared the country for their use through meti- more customs duty on raw materials
of Commercial Intelligence and Statistics, Government
source of commercial intelligence. Find out on-line
to RBE of Rs. 128,594-crore for 2023-24. culous planning of production, import compared to fi nished fertilisers need
of India. The database can be searched by: Chemical
how international markets are moving; where your
Similarly, subsidy provision for P&K and logistics. A healthy industry can intervention of the Government.
competitors are exporting and at what price; where
fertilisers is Rs. 45,000-crore for 2024-25, serve the cause of the farmers in the Code to obtain the consolidated
Name/Harmonised
which is lower by 25.4% compared to most befi tting manner. trade (import or export) in that item; or by Country to
imports are coming from and how their prices are
The performance of agriculture sec-
RBE of 2023-24. obtain the trade (import or export) in all chemicals and
moving. Download all this data, seamlessly, for a
tor has been encouraging and will get
There are certain issues which the further momentum with the measures
small fee — online, anytime, with no hassles. related products between India and that country
Adequacy of allocation of subsidy industry has been pursuing with the being in vogue by the central and state
ChemXchange
given in the Budget estimate will de- government for amicable solution. The governments. Agriculture will continue
pend on international prices of ferti- issues inter alia include: to make progress in ensuring food
Open to all registered users — no subscription required
lisers, raw materials/intermediates/  Non-revision in fi xed cost of urea security and increasing contribution to
ChemXchange — the chemical exchange with a difference — is where you can identify your buyers and sup-
feedstock and geo-political situation. since long; agri-exports on sustainable basis. Ferti-
plyers on-line, any time. This unique platform is free to all advertisers in the print version of Chemical Weekly.
Government has been providing addi-  Unviable production of urea beyond liser industry, with conducive policy
tional subsidy to insulate the farmers reassessed capacity in view of high and support of the Government, will
For more information contact: 022-24044477. Fax: 022-24044450
from any rise in MRPs of fertilisers in input cost & low Import Price Parity continue to play its indispensable role
Email: corporate@chemicalweekly.com or log on to chemicalweekly.com
view of rising cost of indigenous pro- (IPP) of urea; in success story of Indian agriculture.
duction due to increase in raw material  Inordinate delay in announcement

prices or fi nished products in the inter- of freight subsidy; [Indian Journal of Fertilisers, 20
national market. Industry has reasons  Implementation of NBS policy (8): 722-723, August 2024]

Missed a copy !!!
For Digital Edition of this month’s issue & all other past issues
Visit www.hpicindia.com
PDF copies available for download
Mrs. Usha S. - usha@hpicindia.com
Register Now

Contact: For Subscription : Mrs. Usha S. - usha@hpicindia.com
For Advertising : Mr. Vijay Raghavan - vijay@hpicindia.com

Chemical Weekly September 10, 2024 179

Contents Index to Advertisers Index to Products Advertised