- However, there are indications of increase in import of diammonium phosphate and complex fertilizers against decrease in domestic urea import.

The Kharif season has recently completed in the agricultural sector in the country and now planting for the Rabi season has also started. Mustard-mustard area has Increased as per initial indications of rabi season. There are also indications that farmers are shifting more towards wheat cultivation instead of gram. This year, the monsoon has lasted longer and the rains have continued till late, increasing the water storage in the soil, which has increased the optimism among the farmers for the various crops of the rabi season. Now the heat is decreasing in the weather and cooling has started. Recently, the government has also announced an increase in the support prices of various agricultural commodities. However, ahead of the support prices, the agricultural sector and agricultural markets have been keeping an eye on how government procurement has been. Meanwhile, the market and industry of various fertilizers used in the agricultural sector in the country have seen a rapid reversal of trends recently.

During the first 6 months of the current financial year, between April and September, there has been a decrease of about 24 to 25 percent in the Import of urea in the country. However, at home, there has been an increase of about 16 to 17 percent in the domestic production of urea in the country in this six-month period, according to the experts of the agricultural sector. Although domestically, on the one hand, there has been a decrease in the import of urea, on the other hand, there has been an increase in the import of di-ammonium phosphate DAP and complex fertilizers. The prices of various fertilizers have also gone up in the world market. The impact of the war between Russia and Yapcrane has recently been seen on the prices of fertilizers as well as other commodities in the world market. The burden of subsidy on this matter has also increased on the government amid the boom in the world market and the sustained high prices of imports of fertilizers other than urea in the country. Budget estimates for the current financial year Directions were received from Delhi that about 80 percent of the amount was used under fertilizer subsidy among the budget allocations. Meanwhile, according to Khatar Import Cores, the import of urea in the country has decreased by around 24 to 25 per cent to 29 to 30 Lakh Tonnes in the period from April to September this year, which was around 39 to 40 lakh tonnes in this period last year. However, the import of other fertilizers has also registered a significant increase in this period this year. The import of DAP di-ammonium phosphate has increased by 43 to 44 percent in 6 months to 33 to 34 lakh tonnes. While the import of compex fertilizers has increased by around 121 to 122 percent in this period and has been recorded around 15 to 16 lakh tons. Meanwhile, market sources said that the import of MOP muriate of potash increased by about 4-5 percent to 8-9 lakh tonnes in 6 months. Market insiders said that the total import of various fertilizers in the country has increased by about 11 to 12 percent in the six months to 87 to 88 lakh tonnes.

Sources said imports have decreased as domestic production of urea in the country has increased. However, due to the increase in the import of other fertilizers, the government has become nervous. The domestic production of urea in the country has increased from 119 to 120 lakh tonnes in a period of 6 months to about 139 to 140 lakh tonnes. The price in the world market was around 980 to 990 dollars per tonne in December 2021, it reached close to 600 dollars in August this year. However, considering that this price was 300 dollars in January last year, the prices are still very high. Meanwhile, the burden of urea subsidy on the government in the country has also increased. Such urea subsidy has increased to Rs 55 thousand crores in a period of 6 months and has become 87 to 88 percent of the budget estimate. Meanwhile, the subsidy on DAP fertilizer and MOP fertilizer has increased to around 27 thousand crores. The total subsidy on various fertilizers has increased to about 82 thousand crore rupees in 6 months. Which is considered as 78 to 79 percent of the budget allocation.