India to hike subsidy for key fertilisers
Friday, 29 April 2011
NEW DELHI, Apr 29 (Commodity Online): In an attempt to ensure uninterrupted availability of potash and diammonium phosphate during the coming kharif sowing season, India increased the benchmark prices of these key fertilisers.
India's cabinet approved increasing prices at which potash and diammonium phosphate (DAP) will be sold to farmers in FY12, a government source said Thursday.
However, the CCEA also gave freedom to fertiliser companies to raise retail prices of DAP by up to Rs 600 per tonne from the existing rate of Rs 10,750 per tonne.