UR Associates has come out with its report on agri sector. According to the research firm, Rashtriya Chemicals and Fertilisers (RCF) will invest Rs 40 billion in next three years to ramp up its urea capacity at Thal plant near Mumbai. The selection process for lumpsum turnkey contractors (LSTK) for main plants has been completed. The project cost is expected to be Rs 40 billion and will be completed in 36 months period from the zero date.
Pulses sowing picking up
For the first time during this monsoon season, the rainfall was 6% above normal for the week August 23rd-29th. The strong rainfall has improved the deficiency situation further and has brought down the overall deficiency for the monsoon season to 12% below normal. Hence, the rainfall deficiency has come down from 19% at the beginning of the month to 12% at the month end. The deficiency in the Northwest region is the highest at 15% followed by East & NorthEast India (14%), South Peninsula (13%) and Central India (10%)
The pulses sowing has picked up quite significantly during the last one week with the gap between normal pulses acreage and pulses acreage this season coming down to 0.36 million hectares compared to 1.11 million hectares at the beginning of the week.
While rice, sugarcane and cotton are ahead in terms of acreage, coarse cereals are still lagging behind by 2.89 million hectares compared to normal sowing.
RCF to invest Rs 40 billion to ramp up urea capacity
Rashtriya Chemicals and Fertilisers (RCF) will invest Rs 40 billion in next three years to ramp up its urea capacity at Thal plant near Mumbai. In a communique to the BSE, RCF said: "The Company has plans to expand the capacity of urea at Thal by setting up one single stream ammonia plant of capacity 2,200 TPD (tonnes per day) and one single stream urea plant of capacity 3,850 TPD at the existing site." "The selection process for lumpsum turnkey contractors (LSTK) for main plants has been completed. The project cost is expected to be Rs 40 billion and will be completed in 36 months period from the zero date," it said.
Maharashtra to begin 2012-13 sugarcane crushing season from November 1
Top sugar producer Maharashtra will begin its sugarcane crushing season from November 1. The state government was thinking to advance the crushing season by a month as a measure to make more cane available for crushing, which is being diverted every day for use as fodder in drought areas in the state.
Contingency plan to Tackle Drought like Situation
Ministry of Agriculture has prepared Contingency plans for 353 districts across the country for implementing location specific interventions to sustain agriculture production. Subsidy on seeds has been enhanced to partially recompense the farmers for the expenditure in re-sowing and/or purchasing drought tolerant variety of seeds. In view of deficient rainfall, states such as Punjab, Haryana, and Uttar Pradesh have been allocated with additional power from Central Pool. In so far as fertilizer prices are concerned, Urea is provided at a fixed Maximum Retail Price (MRP) of Rs. 5310 per metric ton since 01.04.2010. Nutrient Based Subsidy (NBS) Policy is being implemented on Phosphatic and Potassic (P&K) fertilizers under which a fixed subsidy is provided based on its nutrient content. MRP is fixed by fertilizer companies. The prices of P&K fertilizers have increased mainly due to increase in international prices of fertilizers and due to depreciation of Indian rupee. However, Government provides subsidy to the extent of 50% to 67% of the delivered cost on these fertilizers.
Deepak fertilisers not to develop $350 mn plant in Australia
Indian fertilisers and petrochem firm DFPCL has abandoned plan to build a $350 million plant at Port Bonython, South Australian Mining minister Tom Koutsantonis has said. Deepak Fertilisers and Petrochemicals Corporation Ltd has informed the state government of its intention not to go ahead with a proposed technical ammonium nitrate plant near Whyalla, said Koutsantonis, who also holds the Manufacturing, Innovation and Trade portfolio.
Dhanuka Agritech launches new products
Dhanuka Agritech Limited, a provider of crop protection solution, has launched three agrochemical products in Tamil Nadu. According to Abhishek Dhanuka, Director South Zone, one of the new products is an insecticide that can tackle sucking insects in cotton, vegetable, fruits, cashew and tea. The other, Fluid, is to fight larval insecticide in major crops, while the third one, Fuzi Super, is a herbicide for paddy. The Rs 6.5 billion company has tied up with global firms such as Dupont, Syngenta and Dow Agro Sciences to introduce international proven products in the Indian market, according to R.G. Agarwal, Group Chairman.
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