Indian fertiliser industry fix DAP phosphoric acid prices

Indian fertiliser industry to fix DAP and phosphoric acid prices

7:09 AM, 24th April 2012
Indian fertiliser industry to fix DAP and phosphoric acid prices

NEW DELHI, INDIA: The Indian fertiliser industry has been consistently striving to import diammonium phosphate (DAP) and the raw materials like phosphoric acid at best possible prices to keep the burden of subsidy within manageable limits and also to provide fertilisers to the farmers at most reasonable prices. However, the major suppliers of phosphoric acid led by some of the major players are acting in a manner which is prejudicial to the interest of Indian farming community. It has also come to the notice of the Industry that some advisory group consisting of Indian Nationals are advising the suppliers for keeping the unfair prices.

In these circumstances the Indian fertiliser Industry has decided the following- 1) to constitute a purchase group of manufacturers of DAP and other NP/NPK fertilisers based upon the imported phosphoric acid. This group alone will be competent to decide the price at which the country should buy the phosphoric acid in the interest of maintaining the fair prices for the Indian farmers. 2) It requests all Indians who are associated in advisory capacity to the suppliers of phosphoric acid to immediately withdraw themselves from such a role. 3) FAI will provide Administrative Support to the Purchase Group.

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