According to the Ministry of Commerce, a total of 1.047 million tonnes of fertilizers were imported in the 2023-24 Financial Year.
The Urea Fertilizer Purchasing and Distribution Steering Committee reported that it scrutinized and recommended the issuance of import licences for two million tonnes of fertilizers and 37,000 tonnes of pesticides in the aforementioned FY.
A total of 4,900 tonnes of urea fertilizer and 21,000 tonnes of compound fertilizer are designated for use in 120,000 acres of cultivation across 12 states and regions, including Nay Pyi Taw, in the winter edible oil crop project. Additionally, 36,000 tonnes of urea fertilizer and 36,000 tonnes of compound fertilizer are allocated for use in 720,000 acres of summer paddy across six regions and states, also including Nay Pyi Taw.
Moreover, a total of 74,000 tonnes of fertilizers, including over 3,700 tonnes of urea fertilizer and 37,000 tonnes of compound fertilizer, are anticipated to be required in ten states and regions, including Nay Pyi Taw, for the monsoon paddy project. These required fertilizers are considered essential input factors for projects funded by the State economic promotion fund. For projects not covered by this fund, authorities have arranged affordable prices for fertilizers for farmers.
To meet the input requirements for the 2024-25 Financial Year, earnings from rubber exports can be utilized to purchase the necessary imported input products. The reference rates of these input factors, which will be sold to farmers, are regularly announced. In the 2023-24 Financial Year, a total of 27,129.24 tonnes of pesticides were imported. — TWA/TMT
