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.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Methanex to acquire stake in OCI methanol plant in Texas

VANCOUVER, CANADA: Methanex Corporation has entered into a long-term offtake agreement with Orascom Construction Industries (OCI) for a significant po ...

Read more
Arkema, CEA collaborate for photovoltaics

COLOMBES, FRANCE: Arkema and CEA are to extend their existing collaboration in photovoltaics to the field of micro-electronics and organic electronics ...

Read more
Discovery of self-assembling highly conductive plastic nanofibre

PARIS, FRANCE: Researchers from CNRS and the University of Strasbourg, headed by Nicolas Giuseppone, Department of Chemistry, University of Strasbourg ...

Read more
Nestle to acquire Pfizer Nutrition for $11.85 billion

VEVEY, SWITZERLAND: In a strategic move to enhance its position in global infant nutrition, Nestle will acquire Pfizer Nutrition for $11.85 billion. T ...

Read more
Linde to refuel fuel-cell cars with TUV-certified green hydrogen

MUNICH, GERMANY: The Linde Group’s hydrogen generated from biodiesel by-products at the company’s pilot plant in Leuna, Germany, was certi ...

Read more
Rhodia, Tantalus JV for rare earth metals in Madagascar

PARIS, FRANCE/DUSSELDORF, GERMANY: Rhodia, member of the Solvay group, and Tantalus Rare Earths AG have signed the letter of intent (LOI) relating to ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X