India Increases Gas Supply to Fertiliser Units to 90% Ahead of Kharif Season
India restores 90% gas supply to fertiliser units ahead of kharif season
Business Standard
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India has restored natural gas supply to fertiliser units to 90% of their requirements, up from 70-80%, as the kharif planting season approaches. The government is also importing 2.5 million tonnes of urea to compensate for local production shortfalls due to disruptions in energy supplies from Gulf nations.
- 01Gas supply to fertiliser units increased to 90% from earlier levels of 70-80%.
- 02Indian Potash Limited is set to import 2.5 million tonnes of urea to support domestic needs.
- 03Local urea production has decreased by approximately 600,000 to 700,000 tonnes per month.
- 04The government assures no unusual price volatility in essential commodities despite global disruptions.
- 05Monitoring of food prices and prevention of hoarding is underway to ensure food security.
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In preparation for the kharif planting season, the Indian government has ramped up natural gas supplies to fertiliser units to 90% of their average consumption, up from 70-80%. This increase follows a period of restricted supply due to energy flow disruptions from Gulf nations amid ongoing conflicts. Sujata Sharma, joint secretary in the Ministry of Petroleum and Natural Gas, confirmed that the government is sourcing gas from alternative suppliers in the US, Australia, and Russia. Additionally, Indian Potash Limited (IPL) is looking to import 2.5 million tonnes of urea to offset a decline in local production, which has dropped by 600,000 to 700,000 tonnes monthly. The government has also assured that there is no unusual volatility in essential commodity prices and is actively monitoring the market to prevent hoarding and black marketing. As the monsoon approaches, timely imports and increased gas supply are crucial for the upcoming planting of rice, corn, and soybeans.
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The increased gas supply and urea imports are expected to stabilize fertiliser availability, which is crucial for farmers preparing for the kharif season. This could help maintain crop yields and food security.
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