Rising chemical fertiliser prices could prompt Indian farmers to seek organic alternatives, according to agriculture expert Devinder Sharma. The weak rupee, coupled with the tariff war between India and the US, has seen phosphoric acid prices rise to $730 a tonne, up $150 on the previous year, and have pushed up costs for di-ammonium phosphate (DAP) and muriate of potash (MOP) 24-27%. “Farmers are not going to be able to afford these prices,” Sharma said.
Rising chemical fertiliser prices could prompt Indian farmers to seek organic alternatives, according to agriculture expert Devinder Sharma. The weak rupee, coupled with the tariff war between India and the US, has seen phosphoric acid prices rise to $730 a tonne, up $150 on the previous year, and have pushed up costs for di-ammonium phosphate (DAP) and muriate of potash (MOP) 24-27%. Fertiliser makers have revised prices several times in the past six months due to higher ingredient prices, but are concerned that higher prices may result in lower demand given the already low commodity prices.