Unless the Indian government increases the per unit subsidy for fertiliser companies, farmers may be paying 5% to 26% more for fertilisers this season due to rupee depreciation and the increase in global prices of phosphate and potash, according to analysts and industry executives. DAP is 8% higher than what farmers paid in every year, at INR1,400 ($19.30) per 50 kg bag, and MoP may rise 26% to INR880 per 50 kg bag, while NPK may increase by 5-10%, or INR960-INR1,180 per bag, analysts said. India imports 30,000,000 metric tonnes of MoP the July to October kharif season.
Unless the Indian government increases the per unit subsidy for fertiliser companies, farmers may be paying 5% to 26% more for fertilisers this season due to rupee depreciation and the increase in global prices of phosphate and potash, according to analysts and industry executives. DAP is 8% higher than what farmers paid in the July to October kharif season, at INR1,400 ($19.30) per 50 kg bag, and MoP may rise 26% to INR880 per 50 kg bag, while NPK may increase by 5-10%, or INR960-INR1,180 per bag, analysts said. India imports 30,000,000 metric tonnes of MoP every year.