The government has decided to reduce the prices for key fertilizers, Union Minister for chemicals and fertilizers Ananth Kumar has said that fertilizers like Diammonium Phosphate (DAP), Muriate of Potash (MOP) and Nitrogen Phosphate and Potash composition (NPK) prices have never come down in last 15 years and it was increasing, therefore the government of India has decided to reduce the price of all these three fertilizers by about Rs 4,000 per tonne.
The minister said that there was a long standing demand to reduce the price of DAP, MOP and NPK fertilizers. DAP price will be reduced by a minimum of Rs 2,000 per tonne this means that prices will be reduced by Rs 100-150 per 50 kg bag as well as MOP and NPK prices will be reduced by Rs 4,000 per tonne.
Ananth Kumar further said that Modi government is working towards providing the best to farmers and cited examples of Pradhan Mantri Fasal Bima Yojana and Pradhan Mantri Krishi Sinchai Yojana, among others. He said that neem-coated urea has ensured there is no shortage of urea across the country
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