Fertiliser industry overall volumes rose 58.2 million tonnes in 2015-2016

Q.  Fertiliser industry overall volumes rose by what percent to 58.2 MT in 2015-2016 despite back to back droughts in the previous two years, according to rating agency ICRA?
- Published on 13 Jul 16

a. 7
b. 6
c. 5
d. 4

ANSWER: 7
 
Fertiliser industry’s overall volume rose 7 percent to 58.2 million tonnes in 2015-2016 despite back to back droughts in the previous two years, according to rating agency ICRA
  • Overall volume for fertiliser industry during 2014-2015 stood at 54.1 MT
  • ICRA fertiliser industry report “Fertiliser Volumes, Price Trends and Green Vision” made this announcement.
  • Volume growth during FY16 has been driven by low opening inventory levels compared with the previous years and low base effect was supported by moderate growth in the domestic production of urea and higher import for non urea fertilisers.
  • Higher volume growth has led to rising systemic inventory levels on March 2016
  • Domestic production of urea witnessed 8 percent growth during FY2016 driven by positive change initiatives at policy level by the government.
  • This includes the New Urea Policy 2015 and the Gas Pooling Policy

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