After Rare Earth Mineral, now China has taken another step against India. The report claims that China has stopped the special fertilizer shipments of the Special Fertilizer to be exported to India for the last two months. It is a fertilizer (fertilizer), which is used in India to increase the yield of fruits, vegetables and other beneficial crops.
On the other hand, China is sending this fertilizer to other countries. This information has been given in the Economic Times report quoting top officials of many big importers. It is a threat to India that India imports about 80 per cent of its supplies from these fertilizer from China (India Imports Chemicals from China).
Rajib Chakraborty, president of the Solubal Fertilizer Industry (SFIA), said, “China has been stopping India suppliers for special fertilizers for the last four to five years. However, this time it has stopped completely.
Stopped even after not getting official ban
The shipment going to India is investigated by China after leaving the factories, which China has stopped. Quoting sources, The Economic Times said that Chinese officials have stopped investigation of shipments to be sent to Indian buyers without announcing the official ban. Due to which India is not able to impart.
How much fertilizer India imports
India imports 150,000 to 160,000 tonnes of special fertilizers during the June-December period. India depends on China only about 80 percent of its special fertilizer requirements.
How big is this market in India?
According to the Fertilizer Association of India (FAI), the market of micronutrient fertilizers in India is expected to cross $ 1 billion at CAGR of 9.2% by 2029. According to FAI, Indian biostimulants are expected to grow to $ 734 million with CAGR of 15.6% by 2029, while the organic fertilizer market is expected to increase by $ 1.13 billion with CAGR of 7% by 2032.
Why is this fertilizer special?
These fertilizers increase crop yields, improve soil health and increase the ability to use nutrients. These are more effective than traditional fertilizers. Among the companies of India working in this sector, all top fertilizers like Deepak Fertilizers, Paradip Fertilizers and Nagarjuna Fertilizer Company work in the field.
What does India have option?
India can use traditional fertilizer instead of these special fertilizers. In addition, by reducing the imports of 80 percent special fertilizer from China, it can increase the imparison from other countries. At the same time, in India, special fertilizer can promote the production of fertilizer, so that countries like China do not have to depend.