India Shifts Urea Imports to Egypt, Algeria, Nigeria, Georgia
India stepped up urea imports from Egypt, Algeria, Nigeria, and Georgia due to trade disruptions caused by the West Asia conflict.
Strategic diversification of fertilizer import sources to maintain domestic agricultural supply amidst geopolitical trade disruptions.
Key Exam Points
In Q1 of current fiscal, India imported 2.5 million tonnes of urea, with 52% sourced from Egypt, Algeria, Nigeria, and Georgia.
Urea imports from these four countries were zero during the corresponding quarter of the previous financial year.
Traditional West Asia trade routes were severely disrupted due to the ongoing geopolitical conflict in the region.
+2 more exam points🔒 Upgrade to Pro to unlockThe shift in import strategy occurs alongside pressure from a rising fertilizer subsidy bill and monsoon uncertainties.
Urea is the only chemical fertilizer whose statutory maximum retail price (MRP) is directly controlled by the Union Government.
Government of India mandated 100% Neem Coated Urea production and imports in 2015 to prevent diversion for non-agricultural uses.
Direct Benefit Transfer (DBT) system for fertilizer subsidies was rolled out across India in March 2018 using PoS machines.
PM PRANAM scheme was launched in 2023 to encourage States to promote alternative fertilizers and reduce chemical fertilizer consumption.
One Nation One Fertilizer scheme was launched in October 2022 under which all subsidized fertilizers are sold under single brand 'Bharat'.
Nutrient Based Subsidy (NBS) regime introduced in April 2010 covers non-urea fertilizers like DAP, MOP, and NPK complexes.
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Upgrade to ProEgypt, Algeria, Nigeria, and Georgia supplied 52% of India's 2.5 million tonnes Q1 urea imports.
Which four non-traditional countries accounted for 52% of India's total urea imports in Q1 of the current fiscal year?