Indian Farmers Fertilisers Cooperative Limited (IFFCO) today said it will soon begin manufacturing a new fertiliser at its Kandla unit in Gujarat, which will have lower content of potash.
“Keeping in view the highly unstable international potash prices, we have decided to manufacture a new-grade fertiliser at our Kandla Unit,” IFFCO Kandla’s Senior Executive Director, L Murugappan, said in a statement.
“The production of this new fertiliser – Urea Ammonium Phosphate( UAM )) – having lower input of potash as compared to NPK and DAP series, is likely to begin soon,” he said.
The potash is a key ingredient in phosphatic fertilisers, but its prices in the international market have risen sharply from around USD 370 per tonne at the beginning of April to USD 497, an IFFCO official said.
IFFCO is a leading manufacturer of NPK fertilisers comprising nitrogen, phosphorous and potash, besides Di-Ammonium Phosphate (DAP), which require high quantity of potash as input raw material.
The industry has declared a potash holiday for this year, in view of the unreasonable, exorbitant international prices, the IFFCO statement said.
IFFCO has also proposed to start manufacturing of a premium-grade fertiliser, Zinc Sulphate, at the Kandla unit.
“We shall be setting up a 50 MT capacity Zinc Sulphate manufacturing unit at Kandla. The plant is expected to go on stream by August this year,” Murugappan said.