Fertilizer policy 2021: Modi government faces Hobson’s choice on price hikes

Indian Farmers Fertilizer Cooperative (IFFCO), the country’s largest fertilizer seller, recently announced a 58% hike in diammonium phosphate (DAP) price. The Union government stepped in immediately to roll back the hike, though fertilizer prices are decontrolled. Fertilizer companies argue that hikes were necessitated by a global surge in raw material costs. Most fertilizers are manufactured using imported natural gas as feedstock, according to an article in Policy Circle.

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