PM Modi and Chinese President Xi Jinping
PM Modi and Chinese President Xi Jinping met during the SCO Summit. The two leaders also talked about 1 hour long. However, even after this meeting, the special fertilizer sector of India can be damaged. The difficulties of this sector may increase. China is preparing to ban export again from October.
A big industry officer said on Saturday that in such a situation, the prices of fertilizer may increase and it will directly affect the farmers. Till now, due to the start of export from China, there was some way, but this relief is not long. Beijing is planning to control exports by delaying strict checking and shipment from next month.
China is banned again
Rajiv Chakraborty, President of Soluble Fertilizer Industries Association (SFIA), said that this is just a temporary solution. From October, China will shut down export window, not only India but for the entire world market. At present, the issues between India and China have been resolved, but there is a possibility of getting banned again. Chakraborty said that China never completely closes supply, but limits it by increasing checking and late. The same process will start again from October.
Indian special fertilizer companies are trying to arranged as much as possible in a month. Global sourcing companies are also working fast to meet their needs before being banned. It is expected that by the middle of the season, local supply will be available in India, which will reduce the problem to some extent. But the increase is almost fixed.
India is preparing to deal with it
Rajiv Chakraborty also told that India has developed the fertilizer technology that dissolves in its first indigenous water after 7 years of research. This is a big success, so that India can become a leader in the field of special fertilizer. This research has been led by SFIA. He said, my dream is to change India from the country that is dependent on imports.