Latest News | India's Fertiliser Output Rises 4 Pc in 2023-24 to 503.35 Lakh Tonnes

New Delhi, Feb 7 (PTI) India's total fertiliser production rose 4 per cent annually to 503.35 lakh tonnes during 2023-24 fiscal.

In a written reply to Lok Sabha, Minister of State for Chemicals and Fertilizers Anupriya Patel shared the year-wise quantum of all fertilisers produced in the country from 2019-20 to 2023-24.

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As per the data, the total fertiliser production stood at 425.95 lakh tonnes during 2019-20; 433.68 lakh tonnes in 2020-21; 435.95 lakh tonnes in 2021-22; 485.29 lakh tonnes in 2022-23 and 503.35 lakh tonnes in 2023-24.

The total subsidy on fertilisers stood at Rs 83,466.51 crore during 2019-20; Rs 1,31,229.51 crore in 2020-21; Rs 1,57,640.08 crore in 2021-22; Rs 2,54,798.88 crore in 2022-23; and Rs 1,95,420.51 crore during 2023-24.

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"The entire subsidy scheme is focused towards timely availability of fertilisers at affordable prices to farmers," Patel said.

In reply to a separate query, the minister said the requirement of DAP (di-ammonium phosphate) during 2023-24 was 110.18 lakh tonnes against which the domestic DAP production was 42.96 lakh tonnes.

The demand-supply gap in DAP was met through imports and existing stocks in the states, she added.

In 2024-25, the DAP output is estimated at 40.15 lakh tonnes. The country has seen production of 31.5 lakh tonnes till December of the current fiscal.

With regard to P&K (phosphatic and potassic) fertilisers, the government has implemented the Nutrient Based Subsidy Policy with effect from April 2010. Under the policy, a fixed amount of subsidy decided on an annual/bi-annual basis, is provided on notified P&K fertilisers depending on their nutrient content.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)