Canalization

March 25, 2023

Centre has extended tenure of Indian Potash Limited (IPL) as a canalising agency for import of urea till March 2024.
Government fertilizer companies Rashtriya Chemicals Fertilizers (RCF) and National Fertilizers Limited (NFL) are two other canalising agencies that import urea on government account.
Canalisation of import and export refers to importing and exporting of commodities through specified government agencies.
Purpose: Price stabilization, ensure availability of supplies for domestic consumers, Improve bargaining power, Boost exports, Eliminate under invoicing etc.
Major Canalised Commodities: Precious Metals, Arms/Ammunitions, agricultural products like onion etc.