Higher prices of imported raw materials push up agri-nutrients’ cost

higher prices of imported raw materials push up agri nutrients cost

Sumary of Higher prices of imported raw materials push up agri-nutrients’ cost:

  • Hardening of raw material prices in the international market has prompted fertilizer companies to hike the prices for agri-nutrients in the domestic market..
  • Announcing its decision to hike the prices of agri inputs including di-ammonium phosphate (DAP) and different varieties of NPK (phosphatic fertilisers), Indian Farmers Fertilisers Cooperative Ltd (IFFCO) stated that the prices of complex fertilisers are decontrolled and linked to fluctuations in the prices of raw materials in the global market..
  • IFFCO makes DAP and other complex fertilisers at the cooperative Kandla and Paradeep plants with combined capacity of 43 lakh tonnes (lt) per annum..
  • Potash prices have increased this year to $280 per tonne as against $230 last year, said PS Gahlaut, Managing Director, Indian Potash Ltd (IPL)..
  • Unless the Government increases the nutrient based subsidy, the retail prices of these potassic and phosphatic nutrients will go up, an industry source said..
  • India is totally import-dependent on potash and sources it from six countries — Belarus, Canada, Russia, Israel, Jordan and Germany…

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