Urea Import: Indian Potash STE Status Extended
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Government extends Indian Potash Ltd's STE status for urea import till March 31, 2027. Key move amid West Asia fertiliser trade disruption.
New Delhi, Mar 30 (PTI) The government has extended the state trade enterprise (STE) status of Indian Potash Ltd till March 31, 2027 for import of urea, according to a notification.
India produced 306.67 lakh tonnes of urea in 2024-25 and imported 56.47 lakh tonnes of the nutrient to meet the domestic demand. The country has imported 98 lakh tonnes of urea in the first eleven months of this fiscal year.
"Import of Urea (Agricultural grade) on Government account is allowed through Indian Potash Ltd... till 31.03.2027," the Directorate General of Foreign Trade (DGFT) has said in a notification dated March 27.
The move is important as the West Asia crisis has disrupted global fertiliser trade.
India produced 306.67 lakh tonnes of urea in 2024-25 and imported 56.47 lakh tonnes of the nutrient to meet the domestic demand. The country has imported 98 lakh tonnes of urea in the first eleven months of this fiscal year.
"Import of Urea (Agricultural grade) on Government account is allowed through Indian Potash Ltd... till 31.03.2027," the Directorate General of Foreign Trade (DGFT) has said in a notification dated March 27.
The move is important as the West Asia crisis has disrupted global fertiliser trade.
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