India's Ministry of Chemicals and Fertilizers has recommended that national fertilizer companies begin buying fertilizers and raw materials on a collective rather than individual basis, as revealed by Argus Media.
The ministry has called for a three-month period during which Indian fertilizer producers should join together as a consortium, aggregating their demand to ensure the supply and competitive pricing of key fertilizers such as DAP, MOP, and NPS/NPKs as well as raw materials ammonia, sulfur, phosphoric acid, sulfuric acid and phosphate rock.
The first step in this regard was taken on 24 April, when Indian Potash Limited (IPL) issued a tender to buy 1.6 million t of DAP and TSP on behalf of the industry – the same approach as has been taken with urea imports for many years.
India has struggled to secure sufficient supply of these products following the closure of the Strait of Hormuz.
Additionally, the Gujarat Chamber of Commerce and Industry has called on the chemicals and fertilizers ministry to impose a minimum six-month ban on exports of elemental sulfur.
Read the original article by Bede Heren on Argus Media.