An MoU was presented to Union Minister of Chemicals and Fertilizers Dr Mansukh Mandaviya. Canpotex, Canada is amongst the largest suppliers of Potash globally, exporting around 130 LMT of product annually
In a significant step towards ensuring long-term fertiliser availability for the farming community, India’s fertiliser companies — Coromandel International, Chambal Fertilizers and Indian Potash Limited — signed a MoU with Canpotex, Canada on September 27, 2022. The MoU was presented to Union Minister of Chemicals and Fertilizers Dr Mansukh Mandaviya. Canpotex, Canada is amongst the largest suppliers of Potash globally, exporting around 130 LMT of product annually.
Union Minister Chemicals & Fertilizers hailed the signing of long term agreements between the companies for supply of MOP (Muriate of Potash) to the Indian farmers. Calling this a path-breaking step, Dr Mansukh Mandaviya stated that “the MOU will reduce both supply and price volatility and ensure stable long-term supply of Potassic fertiliser to India. Government of India has been encouraging the domestic fertiliser industry for establishing supply linkages through long term partnerships with resource rich nations.
“This is a significant initiative as it will improve the availability of MOP for the farming community, uphold their welfare and contribute towards ensuring food security in the country.”
— Dr Mansukh Mandaviya, Indian Union Minister of Chemicals and Fertilizers
Given India’s high dependence on imports of raw material and fertiliser minerals, these partnerships provide secured availability of fertilizers and raw materials over a period of time and also offer price stability in volatile market conditions”.
He added that “as part of the MoU, Canpotex, Canada will supply upto 15 LMT of Potash annually for a period of 3 years to the Indian Fertilizer companies. This supply partnership is expected to improve the fertiliser availability within the country and reduce supply side and price vulnerabilities”.
Underscoring importance of the MOU ahead of the upcoming cropping seasons, Dr Mandaviya stated that “this is a significant initiative as it will improve the availability of MOP for the farming community, uphold their welfare and contribute towards ensuring food security in the country”. He added that this MOU will lead to “strengthening of our mutual relationship and furthering bilateral relations between the two countries”.
Dr Mandaviya highlighted that the Government of India was working towards long-term MOUs for Potash and other fertilisers with countries like Russia, Israel and others. Aimed to reduce import dependence, Department of Fertiliser has included PDM (Potash derived from Molasses) in the Nutrient Based Subsidy Scheme (NBS) scheme to support indigenous sources of Potash. Similar initiatives have been taken fertilisers industries for manufacturing of Potash from Spent Wash.
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