Fertilizer Markets and Finance
Jonathan Mohan
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Farmers in the country’s largest soyabean producing State, Madhya Pradesh, have started using urea instead of diammonium phosphate (DAP) in its cultivation due to the rising prices of fertilizers.
“Urea prices are comparatively controlled; that’s why farmers are using it as compared to other fertilizers,” Krishak Bharati Cooperative Ltd’s Director (Marketing), N. Sambasiva Rao, told PTI.
“In this kharif season, we are finding it hard to buy fertilizers because their costs have increased immensely. In 2011, a 50-kg sack of DAP cost Rs 860. It has increased to Rs 1,272 now,” said a farmer from Indore’s Daulatabad region.
Rao said urea’s 50-kg sack costs around Rs 290 these days.
“This year, consumption of DAP and super phosphate will be 30-40 per cent less because their prices have risen more than other fertilizers,” he added.
Rao attributed the rise in fertilizer prices to rupee depreciation against the US dollar which has increased import costs of fertilizers.
However, experts say that for a good harvest, right time and right mix of fertilizers is necessary.
Read more at The Hindu Business Line
