Search Result for : Fertiliser Imports

The Dollar Business Bureau With a complaint filed by the key domestic producers, India has begun investigations into alleged dumping of ammonium nitrate by four nations, Russia, Georgia, Indonesia and Iran that is used in the fertiliser sector. Smartchem Technologies and Deepak Fertilisers and Petrochemicals Corporation have together filed the application for starting anti-dumping investigations related to ammonium nitrate imports from the given four countries. Directorate General of Anti-dumping and Allied Duties (DGAD) in a notification said that it has adequate prima facie proof of dumping of ammonium nitrate by these nations. “The authority hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry...to determine the existence, degree and effect of any alleged dumping and to recommend the amount of anti-dumping duty which, if ...

 The Dollar Business Bureau Union Minister Ananth Kumar said that the retail prices of non-urea fertilizers including the DAP have been reduced by up to Rs 5000 per tonne. The decision comes following the global prices of raw materials. The minister said that the state-run fertiliser firms Rashtriya Chemicals and Fertilizers (RCF), National Fertilizers Ltd (NFL) and also private firm Indian Potash Ltd (IPL) have decided to reduce the cost of non-urea fertilizer. The retail price of Muriate of Potash (MoP) has been brought down by Rs 5,000 to Rs 11,000/tonne, Di-ammonium Phosphate (DAP) by Rs 2,500 to Rs 22,000/tonne, while complex fertilizers rates have been brought down by Rs 1,000/tonne. The effective DAP for a bag of 50 Kg will fall to Rs 150, Mop ...

The Dollar Business Bureau Gold imports in November 2014 accounted for around 13% of total imports by India   Lower oil prices have failed to make a difference to India’s trade deficit, which stands at around $100.6 billion during April – November 2014, up about 4% from around $96.8 billion recorded during the corresponding period last year. After declining in October, India’s merchandise exports recovered to around $25.96 billion in November 2014, which is up about 7.27% y/y thanks to a recovery in key export sectors. According to the Ministry of Commerce, India’s gems and jewellery exports increased around 44% y/y to $3.69 billion in November, while pharma exports grew 10% y/y to $1.2 billion and exports of engineering goods increased ...

Bidhu Bhushan Palo | @TheDollarBiz Exporters of commodities are likely to face sluggish growth and low returns in the remaining months of 2014 and most of 2015 due to surplus stocks and uneven economic growth in Europe and emerging economies, the World Bank (WB) says in its October 2014 Commodity Markets Outlook. There are multiple factors behind the weakening of commodity prices in Q3 2014, including a growing concern over a slowdown in the Euro Area and emerging economies, a resurgent US dollar, surplus oil production and good prospects for most crops. Prices of a majority of “most primary commodities” (energy, metals, agriculture, precious metals and fertiliser), particularly oil and gold, are expected to remain weak in Q4 2014 and through ...