Increase in Market Share of Major Ports in Fertilizer Import - RNews1 Network

Increase in Market Share of Major Ports in Fertilizer Import

Major Ports in Fertilizer Import, Business News, Market, Ministry of Shipping
Mumbai : Market share of major ports in handling fertilizers witnessed an upsurge after a period of six years. In FY 2008-09, the market share of major Ports in handling fertilizer was 67.30% which declined over the next few years. It was lowest in FY 2013-14, when the market share of Major Ports declined to 25.38%.

The turnaround came in FY 2014-15, when the market share of the Major Ports in handling fertilizers rose to 26.93%. It has witnessed further boost in FY 2015-16 (till September) where the market share of Major Ports jumped by 4.67 percent to 31.06%.

The increase in the share of Major Ports can be attributed to the increase in productivity and efficiency of the Major Ports, faster Turn Around Time and the policy changes initiated by the Ministry of Chemical and Fertilizers on the hinterland transport of Fertilizer.

All these policy changes have been initiated at the behest of Ministry of Shipping. The effort has been to ensure efficient handling of fertilizer import to reduce landed cost of fertilizer at its destination. 




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