Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Import price of phosphatic & potash fertilisers raised

Import price of phosphatic & potash fertilisers raised

Share this article Share this article
published Published on May 2, 2011   modified Modified on May 2, 2011

The government on Thursday raised the benchmark prices at which fertiliser companies and designated traders can import phosphatic and potash fertilisers with subsidy support so that farmers have uninterrupted supply of plant nutrients in the coming monsoon season despite higher global prices. The subsidy given to companies for making the commodity available to farmers, is computed based on the notified benchmark prices.

The decision to raise the prices of imported di-ammonium phosphate (DAP) and muriate of potash (MoP) fertilisers was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) here.

The government has also allowed fertiliser companies to raise retail prices of DAP by up to R600 per tonne from the existing rate of R10,750 per tonne.

The benchmark prices have been raised to $612 a tonne for DAP and $420 a tonne for MoP from the current level of $ 580 a tonne and $ 390 a tonne, respectively. However, global producers are asking for over $500 a tonne for MoP, which Indian importers have rejected. Importers have taken the view that they would buy this season only if producers sell MoP at $420 a tonne, the rate at which China procured the commodity.

India imports six million tonnes of DAP and four million tonnes of MoP every year. "This (revision in benchmark prices) will enable the manufacturers and importers to import fertiliser and inputs and undertake domestic production and make fertiliser available to the farmers in 2011-12," an official statement said, adding that farmers would be able to buy fertilisers at subsidised rates.

The budgetary provision for phosphatic and potassic fertilisers for the 2011-12 fiscal is R33,500 crore. However, the total subsidy outgo on potassium and phosphatic fertilisers for the ongoing fiscal will depend on the overall sale of the fertilisers, the statement added.

The Financial Express, 29 April, 2011, http://www.financialexpress.com/story.php?id=783065


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close