Nepal Signs Contract to Purchase 30,000 Tons of Urea
Nepal's Krishi Samagri Company announced the signing of a contract to import 30,000 tons of urea fertilizer. The contract was signed through an "e-tender" process, with bidders required to submit applications by August 6. This fertilizer will be used for winter crops in the current fiscal year. Currently, the company has a stock of 43,508 tons of fertilizer, and an additional 85,000 tons of diammonium phosphate and urea fertilizer are expected to arrive in Nepal soon.
Vietnam's Latest AKFTA Tariff Rate for Some Fertilizers Set at 5%
The Vietnamese government recently issued Decree No. 81, which modifies and supplements the "Vietnam Special Preferential Import Tariff Schedule" and the "List of Goods Subject to Special Preferential Import Tariffs Outside the Quota" under the ASEAN-Korea Free Trade Agreement (AKFTA) to implement AKFTA for 2023-2027. The new tariff schedule specifies a 5% tariff rate for the import of certain minerals, chemical fertilizers, and phosphate fertilizers under AKFTA. Additionally, Decree No. 81 also supplements the list of goods subject to special preferential import tariffs outside the quota.
Natural Gas Shortage Halts Egyptian Fertilizer Plants
Due to a natural gas shortage, Egyptian fertilizer companies Kima and Helwan have halted urea production, and Abu Qir has also stopped production. Kima's plant in Aswan, with an annual capacity of 570,000 tons, and Helwan's plant in El-Tebbin-Helwan, with an annual capacity of 650,000 tons, have both been operating at 80% capacity since July 2. Additionally, Abu Qir's granulated urea plant, with an annual capacity of 578,000 tons, has also shut down.
As all producers are assessing market conditions, the country's urea export prices have not yet been determined. Most producers are likely to prioritize fulfilling previously committed export orders and meeting domestic demand.
India Exempts Imported Fertilizers from Mandatory BIS Certification
India's Directorate General of Foreign Trade (DGFT) recently issued Notification No. 10/2024-25, stipulating that imported chemicals covered by quality control orders (QCO) issued by the Department of Chemicals and Petrochemicals (DCPC) are exempt from mandatory BIS certification if they are solely for export purposes. This exemption applies to Advanced Authorization and Export Oriented Units (EOU).
Currently, the mandatory certification list includes 63 chemicals, fertilizers, polymers, and textiles requiring ISI certification (Scheme-I), and 3 chemicals managed under CRS certification (Scheme-II). If these 66 imported chemicals are used only for export and meet the conditions of Advanced Authorization or EOU, they can be exempted from BIS certification. Foreign manufacturers who do not meet exemption conditions must comply with Indian national standards and obtain BIS certification to sell products in the Indian market.
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