दोगुने में खरीदना पड़ा यूरिया तो भारत ने होर्मुज का तोड़ भी निकाल लिया, मदद को साथ आया रूस – india russia urea production plant fertilizer supply crisis solution iran war hormuz blockade wdrk
Due to the closure of Hormuz amid the Iran-America war, not only the supply of oil and gas has stopped but there have also been many problems in the supply of fertilizers. Recently news came that India has to buy urea at double the price. India, which was dependent on imports for fertilizers, especially urea, has now found a solution to this and Russia has also come along to help.
The news is that India and Russia There are plans to set up a urea production plant at a cost of $2 billion. According to the report of Financial Express, this project is considered to be a big project in the fertilizer sector between Russia and India.
According to the report, this plant will be set up as a joint venture between Russia’s Uralchem and India’s Indian Potash, Rashtriya Chemicals and Fertilizers (RCF) and National Fertilizers Limited (NFL). The plant is likely to be established in Tolyatti city of Russia.
PS Gehlot, managing director of Indian Potash, told Financial Express, “The urea plant should be ready within the next two years.”
The annual production capacity of the proposed plant is expected to be 20 lakh tonnes of urea. Gehlot said that the government company Projects and Development India, which is the advisor of this joint venture, has submitted the pre-feasibility report last week.
He said that Indian Potash, Rashtriya Chemicals and Fertilizers and National Fertilizers can soon take a decision on this report.
According to Gehlot, this urea plant will serve as an assured supply source for India.
India is buying urea at double the price
On April 23, Reuters reported that supplies had been disrupted due to the Middle East conflict. For this reason, India has agreed to import urea at double the price it paid earlier this year.
The report said that India is going to import a record 25 lakh metric tons of urea in a single tender. According to government sources, its price is almost double the rate paid two months ago, because iran Global supplies have been disrupted due to the conflict.
This record purchase accounts for about one-fourth of India’s annual urea imports. This could lead to further reduction in global supply and rise in prices. Urea prices have already increased due to the war.
India has bought most of the urea in the market, other countries may face shortage
A Mumbai-based fertilizer industry official said that India has ensured its supply of urea, but now buyers from other countries may have to struggle to get the fertilizer, as producers have already decided to give their large consignments to India.
India is the world’s largest urea importer. Urea production in the country is largely dependent on natural gas, a large part of which is imported from the Middle East.
Rating agency ICRA estimates that by 2030, India’s dependence on urea imports may increase to about 30 percent of its total consumption.
India is trying to increase fertilizer imports from Russia, Belarus and Morocco amid possible supply crisis due to Middle East conflict and China’s control on exports.
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