<article><p>The Ministry of Agriculture has increased the price of chemical fertilisers by cutting the subsidy rate. Urea is a hefty 78% more expensive and will now cost Rs25/kg, up from Rs14. Subsidised diammonium phosphate (DAP) will now cost Rs 50/kg and potash Rs40/kg.</p><p>The average chemical fertiliser subsidy is at 59.04%. The ministry cited USD appreciation, and said the savings from subsidy would allow more fertilizer import to meet growing demand which currently stands at 520,000 tonnes annually.</p></article>

<p>The Ministry of Agriculture has increased the price of chemical fertilisers by cutting the subsidy rate. Urea is a hefty 78% more expensive and will now cost Rs25/kg, up from Rs14. Subsidised diammonium phosphate (DAP) will now cost Rs 50/kg and potash Rs40/kg.</p>
<p>The average chemical fertiliser subsidy is at 59.04%. The ministry cited USD appreciation, and said the savings from subsidy would allow more fertilizer import to meet growing demand which currently stands at 520,000 tonnes annually.</p>

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Business

Fertiliser price hike

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