This comes at a time when fertiliser companies typically lock in imports so that cargoes reach Indian ports in Sept and October, just ahead of peak Rabi demand.
India's fertiliser supplies for the upcoming Rabi season are on track despite disruptions in the Strait of Hormuz, according to industry insiders. The country's latest urea import tender attracted bids well above the required quantity, signaling easing supply concerns ahead of the winter sowing season. This comes as fertiliser companies typically lock in imports during August for delivery in September and October, just ahead of peak Rabi demand.
The conflict in West Asia has raised concerns about supply disruptions, as around 70% of India's imported urea and nearly 60% of its liquefied natural gas (LNG) typically transit the Strait of Hormuz. However, India has accelerated efforts to diversify fertiliser imports beyond traditional Gulf suppliers, with the fertiliser department exploring new sourcing opportunities through Indian missions abroad.
Brief written by urgent.news from Hindustan Times's own syndicated text.
Machine-written — may contain errors; check the original before relying on it.
KUALA LUMPUR: A strong business ecosystem is crucial to supporting Malaysia’s small and medium-sized enterprises (SMEs) as the country advances its industrial transformation.
KUALA LUMPUR: Companies are hoping for a stronger second half of the year as they move to turn restructuring efforts, new investments and strategic acquisitions into stronger revenue and…
Bhopal (Madhya Pradesh): CNG has become costlier in Bhopal after Think Gas increased its price by ₹1.50 per kg ahead of Raksha Bandhan. The fuel is now being sold at up to ₹97.50 per kg in the city.
TOKYO: Major Japanese defence companies such as Mitsubishi Heavy Industries Ltd. are stepping up their development of drones as the government seeks to make unmanned systems and artificial…
The Centre wants to extend PMFME by five years to help more micro food businesses formalize, access finance and invest in technology, while reducing post-harvest losses and expanding food processing.