Agriculture Current Affair 13 April 2021

Centre directs fertiliser firms not to hike price of non-urea fertilisers

The Centre on Friday directed fertiliser companies not to increase the maximum retail price (MRP) of non-urea fertilisers such as DAP and asked them to sell at old rates.

A direction in this regard was issued to fertiliser companies in a high-level meeting on Thursday in the wake of an increase in domestic retail prices of non-urea soil nutrients in line with the global market.

IFFCO, other firms hike fertiliser prices citing costlier raw materials

Fertiliser companies have raised the prices of potash and phosphatic nutrients citing higher raw material prices.

Companies such as IFFCO, India Potash Ltd. and Paradeep Phosphates Ltd. have announced a hike or their intention to review prices. Farmers’ organisations have opposed the hike, saying it could increase their input costs and, in turn, lead to inflation.

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.

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