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Government set to raise subsidy on fertilizers to cool prices for farmers -Gireesh Chandra Prasad

-Livemint.com

Fertilizer department said in the presentation that international prices of fertilizers and raw materials have been constantly rising since January 2021

NEW DELHI: The central government is set to raise the subsidy on fertilizers for the kharif crop season to cool prices to farmers, the department of fertilizers said in a presentation on Tuesday even as worries of protracted disruptions in key commodities continued to rattle global commodity and financial markets.  

Fertilizer department said in the presentation that international prices of fertilizers and raw materials have been constantly rising since January 2021. “An inter-ministerial committee recommended revision of nutrient-based subsidy rates for nutrients nitrogen, phosphorous, potassium and sulphur for kharif 2022 based on average international prices of fertilzers in March 2022 as a special case this year… Cabinet approval on nutrient based subsidy rates for kharif 2022 is awaited," showed the presentation made at the National Conference on Agriculture for Kharif Campaign 2022-23 organised by the agriculture ministry on Tuesday. 

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