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India imports 42 lakh tonne of urea till Nov for over $1 bn

India imports 42 lakh tonne of urea till Nov for over $1 bn

India imported 42.03 lakh tonne of urea for over USD 1 billion till November in the current fiscal, the Government said recently. “Urea is the only fertiliser under statutory price control and its import for direct agriculture use is permitted through state trading enterprises (STEs) namely MMTC, STC under the foreign trade policy of the Government,” Minister of State for Chemicals and Fertilisers Rao Inderjit Singh said in written reply to Lok Sabha.

According to the data, the Country imported 42.03 lakh tonne of urea for USD 1,048.59 million till November of this fiscal. During full 2017-18 fiscal, imports stood at 59.75 lakh tonne at a value of USD 1,295.72 million.

Urea imports were 54.81 lakh tonne worth USD 1,047.28 million in 2016-17 and 84.73 lakh tonne worth USD 2,087.61 million in 2015-16, the data showed.

Source :- Dailyshippingtimes.com

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