Business Daily from THE HINDU group of publications
Monday, Oct 29, 2007
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Fertilisers
Agri-Biz & Commodities - Cultivation
Fears of DAP shortage unfounded: Govt

‘Pvt players spreading panic’

Phalguna Jandhyala

New Delhi, Oct. 28 With rabi sowing just round the corner, the Centre has sought to allay concerns over any possible shortfall of di-ammonium phosphate (DAP).

According to the Department of Fertilisers, the estimated requirement of DAP — a crucial nutrient for root formation and hence required in large doses precisely at sowing time — is 49.13 lakh tonnes (lt). State Governments currently have access to 55.49 lt, including 18 lt of imports.

“The imports required to be delivered at the start of the season was around 18 lakh tonnes, of which Indian Potash Ltd (IPL) imported 11.75 lt of DAP and 3.2 lt of mono-ammonium phosphate (MAP). Private players have brought in the remaining 3.06 lt,” a Fertiliser Department official told Business Line.

Steep global prices

He claimed that fears of DAP shortage have been created mainly by some private parties, who find it unviable to import this time given the spiralling international prices. “Even in the current month, we have ensured availability of 16.49 lt, which is way above the consumption of 10.97 lt last October,” he added.

For the entire rabi season (October to March), DAP consumption this year is projected at 49.13 lt, as against 37.18 lt consumed in rabi 2006-07. “The Agriculture Ministry expects consumption of phosphates to go up by an unprecedented 33 per cent this year, as farmers are keen to bring greater area under wheat and mustard, taking advantage of remunerative market and support prices. But we are still in a position to cater to this demand,” the official said.

He added that many big farmers have already stocked up their DAP requirements, unlike in the previous year.

Domestic output good

Even domestic production of DAP during October was good, as per the target, and this is expected to continue in November. Domestic DAP production stood at 4.27 lt in October and is expected to touch around 4.82 lt in November.

“Apart from the scare created by the private dealers, only if consumption goes up drastically or if the estimated production falls could there be a shortfall. But given the present circumstances these scenarios are unlikely,” the official said.

More Stories on : Fertilisers | Cultivation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Plea to make blending of ethanol with petrol mandatory


Plan panel meet to emphasise on faster, inclusive growth
Coir sector opposes cess on turnover
Fears of DAP shortage unfounded: Govt
Beedi workers oppose ‘pictorial warning’
‘Infrastructure holds key to double-digit growth’
Dutch gas major plans hi-drive LPG stations
Textile, apparel sourcing set to rise 12%: CII-E&Y report
Testing innovation, engg skills
Companies seek foreign architects for standout designs
High-rise city
With real estate booming, foreign architects in demand
Ocean India starts work on Brandix apparel park unit
Seminar on captive mines
SAIL ramps up iron ore production
US Treasury Secretary Paulson pats Buddhadeb’s investment pitch
Spandana Sphoorty forays into tractor, dairy finance
Labouring overseas again
Global meet on aluminium
Meet on retailing
‘Good business will only survive because of good values’
Hindustan Unilever to double strength of Shakti entrepreneurs
Quaint charm


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line