Business Daily from THE HINDU group of publications Saturday, Jun 09, 2007 ePaper |
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Agriculture Agri-Biz & Commodities - Fertilisers Fertiliser stocks being positioned for kharif needs Our Bureau
New Delhi June 8 In order to ensure adequate availability of fertilisers during the current kharif season, the Department of Fertilisers (DoF) proposes to pre-position stocks at the State-level at 75 per cent of the monthly requirement by the start of the month. The department added that the total stock must be positioned by the 15th of the month. A release from the department on Friday said that this pre-positioning is being undertaken to obviate any shortages at the local level. Requirement of fertilisers during the current kharif season is estimated at 131.65 lakh tonnes (lt) of urea, an increase of 7.5 per cent over last season, 40.08 lt of di-ammonium phosphate (DAP), a 21 per cent increase and 16.52 lt of muriate of potash (MOP), a 13 per cent increase over corresponding previous year. Moreover, the State trading agencies have already contracted for 18 lt of urea and 12 lt of DAP. "Imports will also be undertaken as authorised to meet the seasonal requirement," the release said. With respect to DAP, which is a decontrolled fertiliser, State governments have been advised to nominate a state agency which can place orders for the requisite quantity with Indian Potash Ltd and MMTC which will be importing the fertilisers so that supplies can be ensured in a timely manner. As for the budgetary provision for subsidy on fertilisers, funds required for the current fiscal, including the carryover liability of Rs 8,082 crore, is estimated to be Rs 50,284.08 crore. This is as against the Budget estimate allocation of Rs 22,451 crore. "The shortfall in the budgetary provision has been taken up with the Finance Ministry which will be making additional funds available through the first and second supplementary demands for grants," the release said.
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