Photo for representation. — iStock
Ravi S Singh
New Delhi, October 11
In line with the Union government’s push to boost indigenous productionof fertilisers, an MoUhas been signed by Rashtriya Chemicals and Fertilisers (RCF) with M/s K Plus S Middle East FZE DMCC, a subsidiary of K + S Minerals and Agriculture GmbH, Germany.
Officials involved with the development said the purpose of the MoU is to improve the availability of Muriate of Potash (MOP) -- also known as Potassium Chloride -- for the farming community and boost the indigenous production of various grades of complex fertilisers.
Union Chemicals and Fertilizers Minister Mansukh Mandaviya welcomed the development.
“This Long-Term Agreement signed by RCF will go a long way in ensuring adequate supply of MOP at reasonable price to the Indian Farming community,” Mandaviya said.
He further said in the current geo-political situation when the international prices of MOP have witnessed extreme volatility, the Long-Term Agreement signed by RCF is a significant step towards maintaining stability of price of MOP in the country.
Since the disruptions caused during Covid-19 pandemic, the Union government has been encouraging the domestic fertiliser industry for establishing supply linkages through long term partnerships with resource rich nations.
“Given India’s high dependence on imports of raw material and fertiliser minerals, these partnerships provide secured availability of fertilizers and raw materials over a period of time and also offer price stability in volatile market conditions,” Mandaviya said.
As part of the MoU, M/s K plus S will supply 1,05,000 MT MOP per annum for the period from 2022 to 2025 at a discounted India specific price.
The supply will be for RCF’s captive consumption as well as for its trading purposes. This quantity will fulfill the requirement of 60% of captive consumption of RCF.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Swati Maliwal 'assault': Police collect evidence from Delhi CM's house, form teams to trace Kejriwal’s aide Bibhav Kumar
AAP MP Maliwal taken to CM’s house to recreate crime scene
Bibhav Kumar said ‘Neech aurat, tujhe sabak sikhayenge’, repeatedly slapped me, kicked me in the chest, pelvis while I had periods, alleges Swati Maliwal in FIR
The Rajya Sabha MP of the Aam Aadmi Party gives a graphic ac...
Swati Maliwal ‘assault’: AAP says BJP conspiring to frame Delhi CM Arvind Kejriwal, video exposes Maliwal 'lie'
In her FIR, AAP Rajya Sabha member Maliwal has said that she...
Congress candidate Kanhaiya Kumar assaulted while campaigning in Northeast Delhi
Incident happened outside AAP office in New Usmanpur area
ED files chargesheet against Delhi CM Kejriwal in excise policy case, names AAP as accused
Arvind Kejriwal is currently out of jail on interim bail
