The Fertiliser Association of India (FAI) pointed out a recent rise in global Di-ammonium phosphate (DAP) prices, suggesting a need for increased government subsidies or retail prices if the elevated international rates persist. Presently, fertiliser companies are selling DAP at Rs 1,350 per 50-kilogram bag. FAI Chairman N Suresh Krishnan noted that global DAP prices rose from USD 440 per tonne in July to USD 595 per tonne.
NEW DELHI, Dec 25: The Government on Saturday decided to make changes to the existing nutrient based subsidy (NBS) policy to promote domestic production of phosphatic and potassic (P&K) fertilisers amid a sharp rise in global prices. A decision in this regard was taken in a high-level meeting chaired by Union Minister for Chemicals and Fertilizers Mansukh Mandaviya. In the meeting, “…It was decided to continue support to the domestic industry for production of P&K fertilisers and propose additional provisions […]