India Cuts Urea Imports and Use for First Time in Decades as Domestic Nano Production, Eco-Friendly Alternatives Grow
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India's import and consumption of urea fertilizer has declined for the first time in decades due to higher domestic nano urea production and shift towards eco-friendly alternatives
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Total urea imports fell 12% in the first 10 months of 2023-24 fiscal year compared to previous year
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Domestic urea consumption also dropped 0.3% year-on-year until January 2023
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Government aims to achieve self-sufficiency in urea by 2025-26 by expanding nano urea production which is more efficient
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Fertilizer subsidies accounted for one-eighth of India's budget in 2022-23; new scheme announced to incentive states to limit subsidies