Update Monthly FERTILIZER R - JM Baxi & Co
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Monthly A
FERTILIZER P
R
Update 21
Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 3
Contents
Port Anlaysis
Fertilizers Traffic At Indian Ports (Qty In Million Tonnes)
Fertilizers traffic at Indian Ports- March 2021 (Qty in Million Tonnes)
Major Country-wise Fertilizers Imports March 2021 (Qty in Million Tonnes)
MAJOR FERTILIZER IMPORTERS March 2021 (Qty in MILLION TONNES)
Market Overview And Trends
Highlights
Disclaimer: The information contained in this market update is drawn from wide range of newspapers, business and trade magazines,
government, company and industry association websites. While all possible care is taken to verify the correctness and authenticity of
information contained in this compilation, no claim to independent authorship of articles is implied or intended. Readers are expected
to make their own independent evaluation and verification of information for their use. While all information contained in this report
are believed to be correct, the editors of this compilation or J. M. Baxi & Co. do not guarantee the quotes or other data and the same is
provided only in good faith.
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4 J. M. Baxi & Co. FERTILIZER Update | Apr 2021 Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 5 FERTILIZER TRAFFIC AT INDIAN PORTS
6 J. M. Baxi & Co. FERTILIZER Update | Apr 2021 Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 7
Fertilizers traffic at Indian Ports (Qty in Million Tonnes) Fertilizers traffic at Indian Ports March - 2021 (Qty in Million Tonnes)
APR- FEB APR- FEB
PORT NAME VARIANCE Y - O - Y Port Cargo QTY IN MT
2020-21 2019-20
ANGRE 0.022 0.017 0.006 BEDI SULPHUR 0.055
BEDI 1.193 0.924 0.269 CHENNAI ROCK PHOSPHATE 0.028
CHENNAI 0.310 0.158 0.152 GANGAVARAM MURIATE OF POTASH 0.028
COCHIN 0.254 0.201 0.053 ROCK PHOSPHATE 0.040
HAZIRA
DAHEJ 0.518 0.678 -0.160 SULPHUR 0.012
DHAMRA 0.493 0.295 0.198 JAIGAD ROCK PHOSPHATE 0.035
DIAMOND HARBOUR 0.046 0.243 -0.197 KAKINADA NITROGEN PHOSPHORUS SULPHER 0.027
GANGAVARAM 0.951 0.936 0.016 MURIATE OF POTASH 0.053
KANDLA
HALDIA 0.533 0.430 0.103 ROCK PHOSPHATE 0.018
HAZIRA 1.682 1.015 0.667 AMMONIUM PHOSPHATE SULPHATE 0.027
KRISHNAPATNAM
JAIGAD 0.269 0.384 -0.116 MURIATE OF POTASH 0.027
KAKINADA 3.037 1.411 1.626 MANGALORE DI AMMONIUM PHOSPHATE 0.060
KANDLA 3.619 3.612 0.007 MURIATE OF POTASH 0.023
MORMUGAO
KARAIKAL 0.435 0.220 0.215 UREA 0.010
KARWAR 0.032 0.056 -0.024 MUMBAI POTASSIUM MAGNESIUM 0.001
KOLKATA 0.008 0.000 0.008 MUNDRA DI AMMONIUM PHOSPHATE 0.077
KRISHNAPATNAM 1.282 1.210 0.072 ROCK PHOSPHATE 0.298
PARADIP
MAGDALLA 0.044 0.044 0.000 SULPHUR 0.037
MANGALORE 0.791 0.442 0.348 MURIATE OF POTASH 0.026
TUTICORIN
MORMUGAO 0.129 0.052 0.077 ROCK PHOSPHATE 0.081
MUMBAI 0.431 0.174 0.257 AMMONIUM NITRATE 0.039
MUNDRA 4.507 3.749 0.758 VISAKHAPATNAM MOLTEN SULPHUR 0.007
PARADIP 4.780 4.633 0.147 ROCK PHOSPHATE 0.045
PIPAVAV 1.746 1.349 0.397 Grand Total 1.056
SANDHEADS 0.049 0.000 0.049
TUNA 0.788 0.633 0.155
TUTICORIN 1.219 0.868 0.351
VISAKHAPATNAM 3.097 3.143 -0.046
Grand Total 32.265 26.960 5.305
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8 J. M. Baxi & Co. FERTILIZER Update | Apr 2021 Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 9
Major Country-wise Fertilizers Imports March - 2021 (Qty in Million Tonnes) MAJOR FERTILIZER IMPORTERS March - 2021 (Qty in MILLION TONNES)
COUNTRIES CARGO MARCH 2021 IMPORTERS Cargo March 2021
ALGERIA AMMONIUM NITRATE 0.024 BHILAI ENGG. CORPN. ROCK PHOSPHATE 0.015
BRAZIL ROCK PHOSPHATE 0.035 BLACK DIAMOND AMMONIUM NITRATE 0.007
CHINA POTASSIUM MAGNESIUM 0.001 DI AMMONIUM PHOSPHATE 0.023
CHAMBAL FERTILISERS AND
MURIATE OF POTASH 0.054 CHEMICALS LTD. NITROGEN PHOSPHORUS SULPHER 0.027
EGYPT
ROCK PHOSPHATE 0.108 COROMANDAL FERTLIZERS LTD. ROCK PHOSPHATE 0.016
AMMONIUM PHOSPHATE SULPHATE 0.027 MOLTEN SULPHUR 0.007
INDONESIA COROMANDEL INTL. LTD.
NITROGEN PHOSPHORUS SULPHER 0.027 ROCK PHOSPHATE 0.082
JAPAN MOLTEN SULPHUR 0.007 GREENSTAR FERTILIZERS PVT. LTD. ROCK PHOSPHATE 0.081
JORDAN ROCK PHOSPHATE 0.062 IDL EXPLOSIVES LTD. AMMONIUM NITRATE 0.008
LITHUANIA MURIATE OF POTASH 0.027 INDIAN FARMERS FERTILISER
ROCK PHOSPHATE 0.239
COOP. LTD.
DI AMMONIUM PHOSPHATE 0.054
MOROCCO AMMONIUM PHOSPHATE SUL-
0.027
ROCK PHOSPHATE 0.125 PHATE
INDIAN POTASH LTD. DI AMMONIUM PHOSPHATE 0.114
NAURU ROCK PHOSPHATE 0.028
OMAN SULPHUR 0.012 MURIATE OF POTASH 0.081
QATAR SULPHUR 0.037 LABDHI INTL. POTASSIUM MAGNESIUM 0.001
RUSSIA AMMONIUM NITRATE 0.015 MURIATE OF POTASH 0.023
DI AMMONIUM PHOSPHATE 0.083 PARADIP PHOSPHATES LTD. ROCK PHOSPHATE 0.059
SAUDI ARABIA
ROCK PHOSPHATE 0.063 SULPHUR 0.037
SRI LANKA ROCK PHOSPHATE 0.064 RAMA PHOSPATES LTD. ROCK PHOSPHATE 0.035
TOGO ROCK PHOSPHATE 0.042 SPECIAL BLAST LTD. AMMONIUM NITRATE 0.024
ZUARI AGRO CHEMICALS LTD. UREA 0.010
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10 J. M. Baxi & Co. FERTILIZER Update | Apr 2021 Jan 2020 | J. M. Baxi & Co. FERTILIZER Update 10 11 J. M. Baxi & Co. FERTILIZER Update | Jan 2020 Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 11 TRENDS& MARKET OVERVIEW
12 J. M. Baxi & Co. FERTILIZER Update | Apr 2021 Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 13
HIGHLIGHTS
01 04
IFFCO effects sharp hike in fertilizer Belarusian Potash Company signs
prices contract to supply potash fertilizers to
India at $280 per tonne
02
Govt asks companies not to hike non-
urea fertilizer prices, look for alternative
to expensive raw materials
03
Puducherry, Telangana, Punjab top in
fertilizer consumption
www.jmbaxi.com14 J. M. Baxi & Co. FERTILIZER Update | Apr 2021 Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 15
Govt asks companies not to hike non-
urea fertilizer prices, look for alternative to
expensive raw materials
01 IFFCO effects sharp hike in fertilizer prices 02
“
The Centre directed fertilizer an official. The retail prices of non-
“
India’s largest fertilizer maker IFFCO strong objection for tweets, news companies not to increase the urea fertilizers such as di-ammonium
Limited (Indian Farmers Fertiliser linking any political party or Govt maximum retail price (MRP) of non- phosphate (DAP), Muriate of Potash
Cooperative Limited) has effected a for an increase in price of complex It has suggested urea fertilizers such as DAP. It has (MoP) and NPK are decontrolled and
sharp hike in fertilizer prices, with as fertilizers. They are decontrolled. they look to suggested they look to alternatives are determined by manufacturers.
Head of
much as a 58.33% hike in the price of di- No linkage to any political party or alternatives such as single superphosphate and The Centre gives fixed subsidies
cooperative ammonium phosphate (DAP), and its government (sic),” he said. Stressing such as single bio-fertilizer rather than importing to the fertilizer companies. In view
says farmers CEO staved off criticism by seeking to that the complex fertilizer prices
superphosphate expensive ingredients considering the of the sharp rise in global prices of
will not have delink the move from the government mentioned by IFFCO are “tentative”, spike in their prices in the international raw materials, domestic fertilizer
and bio-fertilizer
to pay revised citing “decontrolled” prices and a Mr. Awasthi said international market. The chemicals and fertilizers companies and cooperatives have
prices on “
existing stock
spurt in global raw material costs.
The IFFCO chief, however, asserted
that farmers would not have to pay
prices of raw materials are yet to be
finalised but “indeed, there is a sharp
increase seen in the international raw
rather than
importing
expensive
ministry has asked the companies
to sell the non-urea fertilizers at old
increased the increased retail prices
of DAP to Rs 1,700 per bag with effect
rates. In a video message Minister from April 1. Similarly, Chambal
the revised prices as existing stocks material prices”. “As a manufacturing ingredients
of State for chemicals and fertilizers Fertiliser and Chemicals Ltd (CFCL)
of 11.26 lakh metric tonnes of unit, IFFCO had to print the cost on considering the Mansukh Mandaviya said, “We had has hiked DAP rates to Rs 1,600 per
complex fertilizers would be sold at the bags for dispatch of new material
spike in their called a high-level meeting and bag, and Indoram India Pvt Ltd to
the old rates. In fact, he asserted that by our plants. Price mentioned in
prices in the
the new prices were “only tentative”
and used for printing on bags for
fresh production of fertilizers. “The
the letter is only tentative cost to
be mentioned on bags which is a
mandatory requirement,” he said. market.
“
international
directed fertilizer companies not to
increase the price of DAP, MoP and
NPK and fertilizer companies agreed
Rs 1,495 per bag from Rs 1,200 per
bag. The largest cooperative IFFCO,
which had printed a new rate of Rs
material with new rates is not for sale “IFFCO ensure (sic) that there is with it.” He also tweeted that there 1,700 per bag on the fresh stock of
to anyone,” IFFCO Managing Director enough material with old rates. I have won’t be any increase in prices of DAP, on Thursday clarified it was a
& CEO U.S. Awasthi said. The new instructed our marketing team to sell fertilizers as the government gives tentative cost and not meant for sale
prices are to kick in from April 1, as only previously packed material with priority to the interest of the farming to farmers. It said it would continue
per the memo revising maximum old rates to farmers. We always take community. Sources said the Friday’s selling the old stock of 11.26 lakh
retail prices of different products decisions on farmer’s first approach,” meeting was attended by top officials tonne of complex fertiliser at an old
sent out by the co-operative firm’s Mr. Awasthi concluded. Communist and representatives of the fertilizer rate of Rs 1,200 per bag.retail prices
marketing services department on Party of India (Marxist) leader Sitaram companies. “They have assured us of DAP and other complex fertilizers.
April 7. The development assumes Yechury called for a withdrawal of not to increase the price. Every effort KRIBHCO, MCFL, Zuari Agro
significance, coming after the end of what he termed an “unprecedented is being taken to ensure that there is Chemicals, Paradeep Phosphates
voting in four Assembly elections. A fertilizer price hike”. “This one & a no additional burden on farmers,” said have
section of farmers is protesting the half times fertilizer price hike is yet
government’s new agricultural laws another of those that never happened
even as high fuel prices are feeding in the last 70 years! Destroys not only
into high retail inflation. Apart from our agriculture & farmers but crores
Source: Times of India
the over 58% hike in DAP, the new retail of lives with consequent rise in
prices for different formulations of food prices… Obstinately refusing to
NPKs (Nitrogen, Phosphorus, Potash repeal agri laws, in India’s interest, as
and Sulphur) fertilizers were raised demanded by lakhs of our annadatas
in the range of nearly 46% to 51.9%. for over 4 months, BJP govt, by
Responding to the backlash on social this hike, insults over 350 martyrs
media, Mr. Awasthi wrote a series in this struggle. Intensify people’s
of tweets on Thursday afternoon to resistance. Withdraw this hike,” he
defend the move. “We at #IFFCO, take said on Thursday evening
Source: The Hindu
www.jmbaxi.com www.jmbaxi.com16 J. M. Baxi & Co. FERTILIZER Update | Apr 2021 Apr 2021 | J. M. Baxi & Co. FERTILIZER Update 17
Belarusian Potash Company signs contract to
Puducherry, Telangana, Punjab top in
supply potash fertilizers to India at $280 per
fertilizer consumption
tonne
03 04
“
Andhra Pradesh, Tamil Nadu, Uttar of the net cropped area and about Belarusian Potash Company and potash market. “We would like to
Pradesh, West Bengal and Karnataka ₹7,000/farmer resulting in excessive Indian Potash Limited (IPL), India’s thank our strategic partner in India,
Notwithstanding are also among the top 10 States use of fertilizers, especially nitrogen, major importer of fertilizers, have set the IPL company. We appreciate the
using fertilizers. Punjab, Haryana at the cost of micro-nutrients and “This agreement a new price for supplies of Belarusian level of long-standing mutual trust
its small size
and Telangana also feature among manure,” said a report. As a result of is another step potash fertilizers to the Indian market and respect between two companies,”
and population
the top five States using pesticides, the excessive and imbalanced use of in the harmonic – $280 per tonne on CFR terms, the press service stressed. The
compared to with Maharashtra leading the chart fertilizers, the amount of food grain
and steady BelTA learned from the press service public joint-stock company (OAO)
other States and followed by Uttar Pradesh. Tamil produced per kg of fertilizer applied
development of of Belarusian Potash Company. “This Belarusian Potash Company was
UTs, Puducherry Nadu, Andhra Pradesh and West declined from 13 kg in the 1970s to
agreement is another step in the established in 2013. It is the exclusive
the Indian and
tops the chart in
consumption of
major fertilizers
Bengal are other States that use
pesticides excessively.
just 4 kg by 2010, according to the
reportExperts fear that imbalanced
use of chemical fertilizers, coupled
“
global potash
markets,”
harmonic and steady development of
the Indian and global potash markets,”
the press service noted. Belarusian
exporter of potash fertilizers made
by OAO Belaruskali. It has maintained
confident leadership on the world
Use of chemical fertilizers with low addition of organic matter
from 2015-16 to Potash Company stressed that the market of potash fertilizers for years.
According to the Ministry of and neglect of micro and secondary
2019-20 (in kg/ Agriculture, as per latest information nutrients over the years, will result
parties reached this agreement Since its establishment, Belarusian
hectare) followed thanks to their rational approach to Potash Company has sold Belarusian
available, the use of chemical in multi-nutrient deficiencies
by Telangana fertilizers in the country during 2017- and deterioration of soil health, doing business and commitment to potassium to almost 140 countries
ensure balanced development of the
and Punjab. 18, 2018-19, 2019-20 and 2020-21 particularly in intensively cultivated
Interestingly Bihar (upto kharif 2020) was 54.38 million areas.
tonnes, 56.21 million tonnes, 59.88
is in a neck-to-neck
million tonnes and 33.85 million Impact on soil health
competition with Source: ENG Belta
tonnes of fertilizer products (Urea, The All India Coordinated Research
Haryana in the use Di-Ammonium Phosphate (DAP), Project on ‘Long Term Fertilizer
of fertilizers. Murate of Potash (MOP), Complexes Experiments’ over five decades
and Single Super Phosphate), indicates that continuous use of
respectively.’The data presented by nitrogenous fertilizer alone had a
the States and UTs to the Central deleterious effect on soil health
government show that Maharashtra, and crop productivity showing
Madhya Pradesh and Kerala are deficiencies of other major and micro
among the States using less amounts nutrients. Even with recommended
of fertilizers. doses of NPK and more, deficiency
of micro and secondary nutrients
According to the Impact Study of Soil has become yield limiting factors
Health Card Scheme conducted by over the years. Deficient nutrient
the National Institute of Agricultural may also affect plant growth and
Extension Management, India cause plant physiological disorders.
consumes about 25.6 million There is also the possibility of nitrate
tonnes of fertilizers, mostly nitrogen contamination in groundwater above
(17 million tonnes) followed by the permissible limit of 10 mg NO3-N
phosphorous (6 million tonnes) and /L due to excessive/over-use of
potassium (2.5 million tonnes).“India nitrogenous fertilizers, particularly
spends about ₹1 lakh crore on in light-textured soils that have a
fertilizer subsidy. It is estimated that consequence on human/animal
subsidy amount is about ₹6,500/ha health if used for drinking purpose
Source: The Hindu business Line
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