Retail prices of non-urea fertilisers, including DAP, have been slashed by up to Rs 5,000/tonne, following a drop in global prices of raw materials, Union Minister Ananth Kumar said on Monday.
State-run fertiliser firms Rashtriya Chemicals and Fertilizers (RCF) and National Fertilizers Ltd (NFL) as well as private firm Indian Potash Ltd (IPL) have agreed to reduce the price of non-urea fertilisers, he said.
The retail price of Di-ammonium Phosphate (DAP) has been cut by Rs 2,500 to Rs 22,000/tonne, Muriate of Potash (MoP) by Rs 5,000 to Rs 11,000/tonne, while complex fertilisers rates have been brought down by Rs 1,000/tonne. For a bag of 50 kg, the effective rate for DAP would come down by Rs 150, MoP by Rs 250 and other NPK fertilisers by Rs 100.