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MARINE SERVICES
Monthly O
FERTILIZER C
T
Update 21
J. M. BAXI. & CO.
October 2021 | J. M. Baxi & Co. FERTILIZER Update 3
Contents
Port Anlaysis
Fertilizers Traffic At Indian Ports (Qty In Million Tonnes)
Fertilizers traffic at Indian Ports- September 2021 (Qty in Million Tonnes)
Major Country-wise Fertilizers Imports September 2021 (Qty in Million Tonnes)
MAJOR FERTILIZER IMPORTERS September 2021 (Qty in MILLION TONNES)
Market Overview And Trends
Highlights
Disclaimer: The information contained in this market update is drawn from wide range of newspapers, business and trade magazines,
government, company and industry association websites. While all possible care is taken to verify the correctness and authenticity of
information contained in this compilation, no claim to independent authorship of articles is implied or intended. Readers are expected
to make their own independent evaluation and verification of information for their use. While all information contained in this report
are believed to be correct, the editors of this compilation or J. M. Baxi & Co. do not guarantee the quotes or other data and the same is
provided only in good faith.
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4 J. M. Baxi & Co. FERTILIZER Update | October 2021 FERTILIZER TRAFFIC AT INDIAN PORTS
October 2021 | J. M. Baxi & Co. FERTILIZER Update 5
6 J. M. Baxi & Co. FERTILIZER Update | October 2021
Fertilizers traffic at Indian Ports (Qty in Metric Tonnes)
PORT NAME APRIL-AUG - 21 APRIL-AUG - 20 VARIANCE Y - O - Y
ANGRE 0.000 0.022 -0.022
BEDI 0.561 0.702 -0.141
CHENNAI 0.092 0.152 -0.060
COCHIN 0.097 0.108 -0.011
DAHEJ 0.361 0.159 0.203
DHAMRA 0.130 0.193 -0.064
DHARAMTAR 0.068 0.000 0.068
GANGAVARAM 0.250 0.317 -0.067
HALDIA 0.257 0.204 0.054
HAZIRA 0.930 0.740 0.190
JAIGAD 0.199 0.054 0.145
KAKINADA 1.005 1.502 -0.497
KANDLA 1.455 1.651 -0.196
KARAIKAL 0.113 0.130 -0.017
KOLKATA 0.030 0.000 0.030
KRISHNAPATNAM 0.613 0.533 0.080
MANGALORE 0.209 0.313 -0.104
MORMUGAO 0.036 0.011 0.025
MUMBAI 0.260 0.140 0.120
MUNDRA 1.524 2.110 -0.586
PARADIP 1.771 2.299 -0.528
PIPAVAV 0.426 0.639 -0.213
SAGAR ROADS 0.039 0.000 0.039
SANDHEADS 0.003 0.000 0.003
TUNA 0.299 0.309 -0.010
TUTICORIN 0.347 0.537 -0.190
VISAKHAPATNAM 1.265 1.522 -0.257
Grand Total 12.342 14.432 -2.090
www.jmbaxi.com
October 2021 | J. M. Baxi & Co. FERTILIZER Update 7
Fertilizers traffic at Indian Ports September - 2021 (Qty in Metric Tonnes)
Port Cargo QTY IN MT
COCHIN ROCK PHOSPHATE 41101
SULPHUR 27500
ROCK PHOSPHATE 62000
DAHEJ
UREA 48300
DHAMRA UREA 52500
GANGAVARAM UREA 169463
HALDIA MURIATE OF POTASH 27514
ROCK PHOSPHATE 9600
HAZIRA ROCK PHOSPHATE 90300
UREA 50857
JAIGAD UREA 54000
MURIATE OF POTASH 50272
NITRO PHOSPHATE 59995
KAKINADA
ROCK PHOSPHATE 19050
UREA 102130
AMMONIUM NITRATE 22500
DI AMMONIUM PHOSPHATE 74500
KANDLA MURIATE OF POTASH 75905
POLYSULPHATE 1033
UREA 45355
KARAIKAL UREA 65820
KRISHNAPATNAM UREA 52500
MANGALORE UREA 47250
MUMBAI MURIATE OF POTASH 36750
DI AMMONIUM PHOSPHATE 45000
MURIATE OF POTASH 23172
MUNDRA
NITRO PHOSPHATE 56555
ROCK PHOSPHATE 52380
UREA 183157
www.jmbaxi.com8 J. M. Baxi & Co. FERTILIZER Update | October 2021
MURIATE OF POTASH 14000
ROCK PHOSPHATE 499392
PARADIP
SULPHUR 89953
UREA 47250
DI AMMONIUM PHOSPHATE 66000
PIPAVAV
UREA 160145
SAGAR ROADS UREA 30042
TUNA UREA 47250
MURIATE OF POTASH 63000
TUTICORIN
ROCK PHOSPHATE 60200
SULPHUR 27000
MOLTEN SULPHUR 10000
VISAKHAPATNAM MURIATE OF POTASH 33000
ROCK PHOSPHATE 125245
UREA 23000
Grand Total 2941935October 2021 | J. M. Baxi & Co. FERTILIZER Update 9
Major Country-wise Fertilizers Imports September - 2021 (Qty in Metric Tonnes)
COUNTRIES CARGO SEPTEMBER - 2021
MURIATE OF POTASH 135283
CANADA
NITRO PHOSPHATE 56555
CHINA UREA 693795
AMMONIUM NITRATE 22500
EGYPT MURIATE OF POTASH 80750
ROCK PHOSPHATE 144485
ISRAEL MURIATE OF POTASH 51000
JAPAN MOLTEN SULPHUR 9999.547
DI AMMONIUM PHOSPHATE 11000
JORDAN MURIATE OF POTASH 23580
ROCK PHOSPHATE 323996
KUWAIT SULPHUR 27000
LITHUANIA MURIATE OF POTASH 14000
MOROCCO ROCK PHOSPHATE 272326
OMAN UREA 100201
SULPHUR 27500
QATAR
UREA 33000
RUSSIA UREA 47250
DI AMMONIUM PHOSPHATE 174500
SAUDI ARABIA NITRO PHOSPHATE 59995
SULPHUR 54100
SENEGAL ROCK PHOSPHATE 27500
THAILAND POLYSULPHATE 1033.173
TOGO ROCK PHOSPHATE 91161
U.A.E. SULPHUR 35853
UKRAINE UREA 220731
MURIATE OF POTASH 19000
UNITED STATES
UREA 54000
www.jmbaxi.com10 J. M. Baxi & Co. FERTILIZER Update | October 2021
MAJOR FERTILIZER IMPORTERS September - 2021 (Qty in METRIC TONNES)
September -
IMPORTERS Cargo
2021
CHAMBAL FERTILISERS AND CHEMI-
DI AMMONIUM PHOSPHATE 0.028
CALS LTD.
MURIATE OF POTASH 0.034
COROMANDAL FERTLIZERS LTD. UREA 0.053
COROMANDEL INTL. LTD. MOLTEN SULPHUR 0.010
MURIATE OF POTASH 0.035
NITRO PHOSPHATE 0.028
ROCK PHOSPHATE 0.125
UREA 0.033
FERTILIZERS AND CHEMICALS
ROCK PHOSPHATE 0.041
TRAVACORE LTD.
SULPHUR 0.028
GREENSTAR FERTILIZERS PVT. LTD. ROCK PHOSPHATE 0.060
SULPHUR 0.027
INDIAN FARMERS FERTILISER COOP.
AMMONIUM NITRATE 0.023
LTD.
ROCK PHOSPHATE 0.386
SULPHUR 0.090
UREA 0.501
INDIAN PHOSPHATE LTD. UREA 0.053
INDIAN POTASH LTD. DI AMMONIUM PHOSPHATE 0.047
MURIATE OF POTASH 0.138
UREA 0.262
INDORAMA INDIA PVT. LTD. MURIATE OF POTASH 0.028
KHAITAN CHEMICALS AND FERTILIZ-
ROCK PHOSPHATE 0.010
ERS LTD.
KPR FERTILISERS PVT. LTD. ROCK PHOSPHATE 0.009
KRIBHCO BHARATI CO OP LTD. DI AMMONIUM PHOSPHATE 0.039October 2021 | J. M. Baxi & Co. FERTILIZER Update 11
KRIBHCO FERTILIZERS LTD. UREA 0.051
KRISHI SAMAGRI CO. LTD. UREA 0.030
MINISTRY OF CHEMICALS AND FER-
UREA 0.048
TILISERS LTD.
MOSAIC INDIA PVT. LTD. DI AMMONIUM PHOSPHATE 0.045
MURIATE OF POTASH 0.038
NITRO PHOSPHATE 0.057
ROCK PHOSPHATE 0.052
NARMADA BIO CHEM PVT. LTD. UREA 0.054
NATIONAL FERTILIZERS CO. LTD. DI AMMONIUM PHOSPHATE 0.028
NITRO PHOSPHATE 0.032
UREA 0.095
PARADIP PHOSPHATES LTD. MURIATE OF POTASH 0.014
ROCK PHOSPHATE 0.114
RASHTRIYA CHEMICAL AND FERTILIZ-
MURIATE OF POTASH 0.037
ER LTD.
TOYOTO TSUSHO INDIA POLYSULPHATE 0.00112 J. M. Baxi & Co. FERTILIZER Update | October 2021 Jan 2020 | J. M. Baxi & Co. FERTILIZER Update 12 TRENDS& MARKET OVERVIEW
October 2021 | J. M. Baxi & Co. FERTILIZER Update 13
14 J. M. Baxi & Co. FERTILIZER Update | October 2021
HIGHLIGHTS
01
China’s curbs on fertiliser exports may affect
India, says report
02
KRIBHCO, CSC tie up to market agri-input
products
03
Amid spike in raw material cost, Govt to
ensure ample fertiliser supplies for Rabi crop:
FACT chief
www.jmbaxi.comOctober 2021 | J. M. Baxi & Co. FERTILIZER Update 15 04 Farmers in North opt to sow early, face DAP crunch 05 Govt sets up ‘war room’ on movement of fertilisers
16 J. M. Baxi & Co. FERTILIZER Update | October 2021
China’s curbs on fertiliser exports may affect India,
01 says report
“
Chinese authorities are imposing new stable fertilizer supplies and prices
hurdles for fertilizer exporters amid given its importance to agricultural
growing concerns over surging power production and food security. The
The increased prices and food production, a move General Administration of Customs
scrutiny comes as that could worsen a global price shock added new inspection requirements
and food inflation. Some Chinese on 29 categories of products including
global fertilisers
fertilizer cargoes ready to be shipped urea to ammonium nitrate, according
costs have soared
are being held up by local authorities to a notice this month. Despite that,
to new records,
for additional checks or to obtain the blistering rally in China’s fertilizer
spurred by energy new export certificates, according market shows no sign of cooling, with
crises in Europe to people familiar with the matter. benchmark urea futures holding near
and China as coal The supplies will either end up being a record.
and natural gas sold on the domestic market or face
are important
feedstocks
“ delays in being exported, said the
people, who asked not to be named
as they are not authorized to speak
China’s move to curb fertilizer exports
will be felt around the world as
it is a key supplier of urea, sulphate
on the matter. The increased scrutiny and phosphate, accounting for about
comes as global fertilizers costs have 30% of global trade. The biggest buyers
soared to new records, spurred by of China’s fertilizers include India,
energy crises in Europe and China as Pakistan and countries in Southeast
coal and natural gas are important Asia. There are already signs that a
feedstocks. The cost increase comes fertilizer shortage is emerging globally.
at a particularly worrying time, with Farmers in Brazil reported that some
global food prices hitting a 10-year deliveries of fertilizer and glyphosate
high. The new measures implemented have been canceled. France, the
by Chinese authorities follow a largest European agriculture producer,
customs regulation that kicked in on may face difficulties sourcing
Oct. 15 requiring additional inspection fertilizer supplies, an official at
of fertilizer exports. It also follows a FranceAgriMer warned last week.
notice from the National Development China’s customs administration didn’t
and Reform Commission, China’s top answer calls seeking comment on the
economic planner, that called for export curbs
Source: Business Standard
www.jmbaxi.comOctober 2021 | J. M. Baxi & Co. FERTILIZER Update 17
KRIBHCO, CSC tie up to market agri-input products
“
02
CSC e-Governance Services India Services India Ltd Managing Director
has collaborated with Krishak Bharati Dinesh Tyagi said in the statement,
Cooperative (KRIBHCO) to provide “Our alliance with KRIBHCO is a
KRIBHCO is access to fertilisers and agricultural step ahead in furthering the agenda
engaged in the inputs to farmers via four lakh of the government in serving the
business of village level entrepreneurs. Common farmers and agricultural community.”
manufacturing, Services Centres (CSCs) will facilitate The last mile delivery of fertilisers,
importing and the sale and distribution of KRIBHCO seeds and other agri products is “an
marketing of products which include fertilisers like important aspect of our activities at
“
fertilizers, agri
inputs and seeds.
imported urea, DAP, NPK/NPS, bio-
fertiliser, city compost, zinc sulphate,
certified seeds, hybrid seeds and
CSCs and the partnership will help
us reach out to farmers and citizens
in the villages with timely supply of
potash derived from molasses, a reliable and quality agri inputs,” he
statement said. KRIBHCO is engaged added. Rajan Chowdhry, Managing
in the business of manufacturing, Director, KRIBHCO, said in the
importing and marketing of fertilizers, statement that this partnership will
agri inputs and seeds. Early this year, usher in a new era where farmers
CSC set up an agri services platform can get cost effective agri inputs at
to facilitate agri inputs like seeds, the click of mouse and smartphones,
manure, and pesticides, rent and hire thereby promoting ‘Digital India’.
of farm machinery and implements, FPOs as agribusiness retailers will
and trading of agri produce etc help the farming community become
through its VLEs and farmer producer “agriculture entrepreneur” from
organisations (FPOs). Elaborating on “agriculture producer”, he added
the partnership, CSC e-Governance
Source: Economic Times
Amid spike in raw material cost, Govt to ensure ample
fertiliser supplies for Rabi crop: FACT chief
03
The Centre has taken all steps to ensure raw material cost has facilitated the
fertiliser availability in the ensuing government to enhance the subsidy
Rising raw material Rabi season amidst shooting up of to all fertiliser firms to avoid any
prices, a concern for raw material prices and its shortage. further hike in product prices, Kishore
The Fertiliser Ministry monitors the Rungta, Chairman and Managing
fertiliser PSUs
situation closely and reviews weekly, Director, FACT told. The prices of all
as the emerging conditions have led raw materials such as phosphoric acid,
to the rise in production cost of all sulphuric acid, sulphur have doubled
PSU fertilisers companies. The rising in the last year, forcing companies to
www.jmbaxi.com18 J. M. Baxi & Co. FERTILIZER Update | October 2021
sell their products at lower margins or Spike in Natural gas price
at a loss. However, the hike in subsidy Asked about the recent spike in
to the tune of ₹8,000 per tonne for natural gas prices, the CMD said. “we
NPK and ₹12,000 for DAP has come have been insulated ourselves till
as a relief to the manufacturers, he August 2022 because of the contract
said. The fertiliser demand in the signed with PSU oil companies based
Rabi crop season in the country on the Gorgon gas price which is
is estimated at 21 million tonnes prevailing at $12-13/MMBtu, below
against 20 million tonnes in last year. the international rates”. He said that
Rungta, who is also the chairman of even the existing gas price is almost
Fertiliser Association of India (South double compared to the availed rate
Zone), said the way the raw material at $6/MMBtu last year. FACT, he
prices are moving is a concern as said, is in the final stages of capacity
the country could not afford such a expansion by adding 0.5 million
higher price regime. He attributed tonnes from the present one million
increased consumption of fertiliser tonnes in the next two years. The
in China and Brazil, forcing global project would involve setting up a
fertiliser manufacturers to shift focus new plant to produce various grades
to these countries. The global firms of fertiliser including DAP. Once it is
in Morocco, Gulf nations are allotting commissioned, he said the turnover
comparatively lesser quantities to would touch around ₹7000 crore from
India because of the price parity. the present ₹3,200 crore in 2020-
This coupled with the rising cost of 21. To a question on FACT’s ‘Looking
ship charter hire, is also adding to East’ initiative, Rungta said “there has
the woes of domestic manufacturing been an overwhelming response from
companies. FACT has also geared up Bengal and Odisha while dispatching
to import 1.5 lakh tonnes of MoP / 20,000 tonnes of Factamfos and
NPKS from November onwards , once Ammonium Sulphate. The intention is
the situation in the global market to go for a pan India footprint before
improves, he said. going for capacity expansion”
Source: The Hindu Business Line
www.jmbaxi.comOctober 2021 | J. M. Baxi & Co. FERTILIZER Update 19
Farmers in North opt to sow early, face DAP crunch
“
04
The crunch is also being felt due to the
rise in import prices of raw materials China’s restrictions
such as phosphoric acid, congestion “For reasons not known, China has
Shortage of at ports, surging freight rates and imposed restrictions on DAP exports.
di ammonium distribution being hit by the farmers’ As a result, supplies have shrunk,
phosphate (DAP) is stir against the farm laws. According triggering a challenge for us,” an official
being felt in some to the Dashboard of the Department at a large fertiliser-making firm said. In
of Fertiliser, total requirement of DAP addition, global prices have surged to
parts of North
for the current rabi season has been $750-800 a tonne from $650 a tonne
India due to high
estimated at 58.71 lakh tonnes (lt). two months ago. The price of Muriate
demand as farmers Supply of DAP during October 1-21 of Potash (MOP), which was contracted
there are taking has been higher at 20.12 lt against at $280 a tonne earlier, is now sold at
up early sowing of a requirement of 12.25 lt. However, $500 a tonne. This has forced domestic
mustard and potato sales during this period have been manufacturers of NPK to cut their
in view of good soil reported at 8.21 lt. For the remainder production. Suppliers of phosphoric
of the season ending March 31 next, acid from Morocco have hiked prices
moisture following
the requirement is estimated at 50.49 from $1,160 a tonne to $1,400 due to
recent unseasonal
sources.
“
rains, according to
lt. But, the stock availability as on
October 21 was 18.67 lt. The current
situation is despite the Centre hiking
sharp surge in demand. The subsidy
has to be increased by ₹300-400 a bag
for NPK to cover up the cost increase,
the subsidy for the phosphatic and the executive said. Given the current
potassic nutrients by ₹28,655 crore. subsidy, it will not be viable to import
Rising international prices of fertiliser and sell at Government fixed price.
and key raw materials have proven to “The lopsided subsidy favouring DAP
be a major challenge for India, which has hampered domestic production
relies on imports to meet its rising and worked against Atma Nirbhar
demand. Inventories of fertilisers have Bharat. The government should either
been one of the lowest at the start increase the NPK subsidy or allow
of this rabi season, while distribution producers to pass on the incremental
of imported fertiliser in the northern cost to farmers. The ideal solution
States has been affected by frequent would be to remove the subsidy
blockades organised by farmers, difference between DAP and NPK,”
said a senior executive of a fertiliser the official said. In the North, at least
company. 20-30 per cent of the farmers can
switch between DAP and NPK as per
Low inventories availability and cost. Apart from these
DAP inventories at the start of the problems, it takes 50-60 days for the
rabi season were a low 15 lt against 40 material to arrive at ports and dispatch
lt during the same period a year ago. to end consumers
NPK complex fertiliser stocks were
30 lt against 36 lt a year ago. Besides,
the decline in availability of DAP from
countries such as China has added to
the industry’s woes. China was the
Source: The Hindu Business Line
major source for India’s DAP imports.
www.jmbaxi.com20 J. M. Baxi & Co. FERTILIZER Update | October 2021
Govt sets up ‘war room’ on movement of fertilisers
05
“
On October 17, three railway rakes at present are mainly to Aligarh,
carrying di-ammonium phosphate Mathura, Agra, Mainpuri, Etawah,
(DAP) were dispatched from Gujarat’s Farrukhabad, Kanpur, and other rake
Shortage Mundra, Pipavav, and Kandla ports points near the state’s potato- and
situation forces to Kanakpura, a station in Rajasthan mustard-growing tracts.
catering to the mustard-growing
Centre to plan
areas of Jaipur, Tonk, Ajmer, and Sawai “The rakes to Kanakpura were listed
supplies based on
Madhopur districts. The permission low in the seniority of indents. But
real-time district
for moving these rakes, the first two after anticipating heavy demand from
and crop level of 2,600 tonnes each and the third of East Rajasthan’s mustard farmers, we
requirements.
“ 4,000 tonnes, was secured on an “out
of turn” basis — that too, on a Sunday.
This level of minute planning and
sought special permission to allow
them to jump the queue,” the official
said. The DOF is currently operating a
prioritisation of fertiliser movement “24/7 war room” in close coordination
by the Centre is happening for the first with the Railway Board, fertiliser
time, in response to an unprecedented companies, and state agriculture
shortage situation, both domestic departments. The DOF has assessed
and globally. As The Indian Express the DAP requirement at 17.13 lt in
had reported, all-India stocks of DAP November, 9.48 lt in December, 5.46
and muriate of potash on September lt in January, 4.06 lt in February, and
30 were less than half of a year-ago 4.47 lt in March, adding up to 58.71 lt
levels, even as international prices of for the season. The same for complex
fertilisers and inputs have surged to fertilisers (containing combinations
their highest since 2008-09. “We were of nitrogen, phosphorous, potash
earlier simply sending material based and sulphur) has, likewise, been
on the month-wise requirements for placed at 12.86 lt in October, 12.26
the season given to us by the states. lt in November, 11.09 lt in December,
(Rabi plantings start from October.) 9.93 lt in January, 7.86 lt in February,
But now, we are finding out district- and 6.84 lt in March, totalling 60.86
wise requirements and the crops lt. “We were till October 15 moving
where sowing is taking place. The an average of 50 rakes daily, which
field demand thus assessed is then has since increased to 55 (30 of DAP/
sought to be addressed by mobilising complexes and 25 urea). This will
rakes to those locations,” said a further go up to 60 by October-end.
senior official of the Department That is when wheat sowings would
of Fertilisers (DOF). On the ground, also start in Punjab, Haryana, and
this means mustard and potato, Madhya Pradesh, while only after
which are planted in October, taking mid-November in UP,” the official
precedence over wheat. Thus, more added. He denied that Punjab was
rakes are being moved to Rajasthan facing a shortage of DAP: “They have
and railheads such as Rewari, Khori, 1.2 lt stocks lying with retailers now.
and Jhajjar in Haryana’s mustard belt. Their requirement for potato (largely
In Uttar Pradesh too, the allocations grown in Jalandhar, Kapurthala, and
www.jmbaxi.comOctober 2021 | J. M. Baxi & Co. FERTILIZER Update 21
Hoshiarpur) was already delivered in in vegetative and tillering stages. India
late September to early October. We has some 2.8 lakh fertiliser dealers
have so far this month moved 35 rakes receiving supplies from 45-odd plants
of DAP/complexes (roughly 1.5 lt) to and 21 ports. Around 80 per cent of
the state and will do another 15 (45,000 the material is moved by rail to 940
tonnes) within the next one week. All rake points covering an average
this is for wheat”. Farmers apply DAP, distance of 750 km. Never before
containing 46 per cent phosphorous has this logistics system — reaching
necessary for root establishment and adequate quantities of fertiliser at
growth, at the time of sowing. Urea, the required place and time — been
the most-widely consumed fertiliser tested as it is being done currently.
having 46 per cent nitrogen content, More so with Assembly elections in
is generally given first around three UP, Punjab, and Uttarakhand barely
weeks after sowing when the crop is four months away
Source: Indian Express
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