How Nano Urea superceding Conventional Urea in the global agricultural market
- 12-Apr-2022 3:57 PM
- Journalist: Nicholas Seifield
The all-new Nano Urea, a fertilizer developed by IFFCO, India, is expected to increase crop yields and boost nutritional quality. Nano Urea will significantly cut the cost of logistics and warehousing. Nano Urea liquid claims to enhance crop production and productivity compared to normal Urea. In addition to substantially increasing farmers' revenue by cutting input and storage expenses.
Last year, China imposed export restrictions on Urea to meet domestic demand leading the global prices to soar to new highs. Russia has lately reduced outbound shipments due to the war in Ukraine and sanctions imposed by the US and the EU countries. In such a circumstance, India came up with this idea to get a foothold in the global market. Nano Urea is unquestionably the future of the Indian and international calls to lower costs and increase efficiency. Nano Urea is in great demand worldwide because it can replace traditional Urea while reducing input costs, increasing crop yields, and better pricing.
Nano Urea is made up of nanoparticles and is present in liquid form. The Indian Farmers Fertiliser Cooperative (IFFCO) announced that it had begun commercial manufacturing of 'nano Urea liquid,' a first-of-its-kind product, in a move that could revolutionize the agriculture sector around the world. This new product is projected to replace Urea granules, one of the most frequently used fertilizers. With a nitrogen concentration of 46%, conventional granular Urea is one of the most significant nitrogenous fertilizers in the country and is available at one of the lowest market costs.
As per ChemAnalyst, "Nano Urea has the potential to increase farmer profitability by improving crop yields while using less fertiliser. In India's urea-dominated sector, however, the Nano Urea formulation is still in its early stages of development, with a long way to go before it can be widely embraced. To survive in the high-competition market, manufacturers are required to make negative price adjustments of 2% to 3%. The new cost is expected to stay below the increasing price of traditional urea. Furthermore, in the following months, India is expected to increase and gain a monopoly in the worldwide NANO Urea industry."