Speed Post News Network
New Delhi : Union Chemicals and Fertilisers Minister D V 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 of all fertilisers under the Nutrient Based Subsidy (NBS) Scheme.
Due to this initiative of effective monitoring system by the Department, Gowda informed, the fertiliser companies have now adopted a voluntary self-regulatory mechanism and as such the benefit of price drop in the international market of Regasified Liquefied Natural Gas ( RLNG) has been passed on to the farmers by the manufacturing companies, according to a PIB release.
RLNG is used as feedstock for production of P&K ( Phosphatic & Potassic) fertilisers by the manufacturing companies of Diammonium phosphate (DAP), Ammonium Sulphate, and other P&K fertilisers.
Gowda saidthat 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.