Three fertilizer firms sign MoU with Canada's Canpotex to import potash
Coromandel International, Chambal Fertilizers and Indian Potash Ltd have signed a pact with Canada-based Canpotex for the import of 15 lakh tonnes of potash annually for three years, according to the Ministry of Chemicals and Fertilizers. Canpotex, Canada is amongst the largest suppliers of Potash globally, exporting around 130 lakh tonnes of product annually. Potash, which is a source of potassium, is used both for direct application as MOP (Muriate of Potash) as well as in combination with 'N' & 'P' nutrients in NPK fertilizers. India meets 100 per cent of its potash requirement through imports. The country imports approximately 40 lakh tonnes of MOP annually. The Memorandum of Understanding (MoU) was presented to Chemicals and Fertilizers Minister Mansukh Mandaviya on Wednesday, an official statement said. "In a significant step towards ensuring long-term fertilizer availability for the farming community, India's fertilizer companies - Coromandel International, Chambal...28-09-2022
