India to continue urea imports from Iran
2/23/2013 8:57:38 AM
India, which buys about 20-30 percent of its urea requirement, imported almost 2 MT of nitrogenous soil nutrient from Iran in 2011-12 fiscal, Minister of State for Chemicals and Fertilisers Srikant Jena told the Rajya Sabha in a written reply. 
The country imported a total of 7.84 MT of urea, which included about 2 MT from OMIFCO, Oman, while it produced 21.98 MT of the crop nutrient in the 2011-12 fiscal. 
In the 2010-11 financial year, urea imports from Iran touched 1.13 MT, while in the 2009-10 fiscal it stood at 2.76 lakh tons, the Minister said quoting official data. 
"No," Jena said replying to the query on whether India has banned import of urea from Iran vide its April 2012 tender. 
Last year, the government had said that it has removed restriction on urea imports from Iran and has asked State Trading CorporationBSE 0.14 % (STC) to modify the global tender, which restricts bids by suppliers of Iranian origin. 
The restriction was imposed by STC in view of Iran's decision to ban urea exports and also due to default by three traders who were to supply urea from Iran in a tender floated by Indian Potash Ltd in March this year.