Effective price monitoring system helped farmers get fertilisers at a cheaper price: Sadananda Gowda

Mumbai: Union Minister of Chemicals and Fertilisers DV Sadananda Gowda has said that the Department of Fertilisers, Ministry of Chemicals and Fertilisers has initiated thorough scrutiny of the cost of production/imports in the country for all fertilisers under the Nutrient Based Subsidy (NBS) Scheme.

Due to this initiative of the effective monitoring system by the Department, Shri Gowda informed that the fertiliser companies have now adopted a voluntary self-regulatory mechanism. Along with that, the benefit of the price drop in the international market of Regasified Liquefied Natural Gas - RLNG has been passed on to the farmers by the manufacturing companies.

RLNG is used as feedstock for the production of P&K fertilisers by the manufacturing companies of Diammonium phosphate (DAP), Ammonium Sulphate and other P&K fertilisers.

Gowda further informed that during August 2020, DAP prices have come down to Rs 24,626 per MT as compared to Rs 26,396 per MT during August 2019. Similarly, out of 18 NPK fertiliser formulations, the MRP for 15 formulations has decreased during August 2020 as compared to the MRP prevailing in August 2019. Price of Ammonium Sulphate has decreased from Rs 13,213 per MT in August 2019 to Rs 13,149 per MT in August 2020.

Department of Fertilisers is committed toward providing fertilisers at reasonable prices to the farmers of the country at the right time.