Pupuk Indonesia issues farmers subsidised fertilizers

Market: Fertilizers
31/12/24

State-owned fertilizer producer Pupuk Indonesia has distributed about 7.25mn t of subsidised fertilizers to registered domestic farmers as of 23 December, the company said.

The distributed volumes have exceeded the government-mandated target by 0.5pc and include about 3.36mn t of urea, 3.49mn t of NPK fertilizers, 42,700t of specialised NPK formulas, and 46,500t of Pupuk's Petroganik organic fertilizers.

Pupuk Indonesia's current fertilizer stock availability for the domestic market is around 1.47mn t as of 23 December, comprising of subsidised and non-subsidised products. Subsidised fertilizer stocks amount to 1.04mn t, consisting of 546,700t of urea, 445,500t of NPK, 16,300t of specialised NPK formulas, and 35,600t of organic fertilizers. Non-subsidised fertilizer stocks are at 428,600t, consisting of 357,400t of urea and 71,200t of NPK fertilizers.

Around 400,000t of the current fertilizer stock has also been given to distributors and kiosks to ensure smooth delivery to farmers on 1 January 2025, the company said. The current allocation of subsidised fertilizers at the sub-district level has been finalised at 100pc across all regions, Jekvy Hendra, director of fertilizers and pesticides at Indonesia's ministry of agriculture, said.

By Dinise Chng

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