Business Daily from THE HINDU group of publications
Thursday, Apr 19, 2007
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Business Daily from THE HINDU group of publications Thursday, Apr 19, 2007 ePaper |
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Fertilisers Agri-Biz & Commodities - Agricultural Policy Industry & Economy - Exports & Imports Plan drawn up for 50,000 t urea buffer Ambarish Mukherjee
Pointed version Three stock points in each State suggested. The industry wants five to 10 stock points.
New Delhi April 18 From this year, the Government plans to maintain a minimum buffer stock of 50,000 tonnes of urea in 13 major agricultural States for both kharif and rabi seasons. For the current kharif, the buffer stock would be maintained in Punjab, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Maharashtra, Gujarat, Bihar, West Bengal, Karnataka, Tamil Nadu and West Bengal. Anticipating that domestic production may fall short, the Government has already placed orders for import of 23 lakh tonnes of urea, which is expected to reach Indian ports by the end of June. The Department of Fertilisers, in a meeting with the industry on Tuesday, had suggested that three stock points be maintained in each State in order to tide over emergency shortage situations. The industry, on its part, has suggested five to 10 stock points in every State, as it would be logistically more convenient to move fertiliser during any emergency. The Government has also offered the companies operating buffer stocks an inventory carrying cost at the rate of 8.5 per cent per annum on Rs 4,650 per tonne. Additionally, fertiliser companies would get warehousing and insurance charges at the rate of Rs 20 per tonne per month on the buffer quantity. Since the stock would be moved in two stages from production point to buffer point and further to the consumption point, the Government would pay handling charges of Rs 30 per tonne to the companies. The fertiliser manufacturers, however, have complained that the proposed rates are not realistic and should be linked to market rates.
Related Stories: More Stories on : Fertilisers | Agricultural Policy | Exports & Imports
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