India’s fertilizer consumption saw a marginal one per cent rise against the estimated demand in FY24-25, despite a record 9 per cent jump in sales compared to last year.
India’s fertilizer consumption saw a marginal one per cent rise against the estimated demand in FY24-25, despite a record 9 per cent jump in sales compared to last year. The surge is sales is attributed to the supplies of di-ammonium phosphate (DAP), Muriate of Potash (MOP), and Complex, though these could not fully meet farmers’ expectations.
According to the latest official data, sales of urea reached 387.92 lakh tonnes (lt) during last fiscal, marking an 8.4 per cent increase from 357.81 lt in 2023-24. Sales of Muriate of Potash were up 33.9 per cent to 22.02 lt from 16.44 lt, and Complex (combination of all nutrients) saw 28.2 per cent increase to 149.72 lt from 116.8 lt. However, sales of di-ammonium phosphate dropped to 96.28 lt from 109.74, mainly due to scarcity till mid-November 2024.
