Non-urea Fertilizer Prices Cut

The retail prices of non-urea fertilisers including DAP have been slashed by up to Rs 5,000/tonne following drop in global prices of raw materials, Union Minister Ananth Kumar on Monday said.

Shares of fertilizer manufacturers fell sharply on Tuesday, following the government's decision to cut retail prices of non-urea fertilizers yesterday. State-run fertilizer manufacturers cut the price of diammonium phosphate (DAP) by Rs 2,500 per tonne, while price of muriate of potash (MOP) was slashed by Rs 5,000 per tonne with immediate effect.

The retail prices of non-urea fertilisers including DAP have been slashed by up to Rs 5,000/tonne following drop in global prices of raw materials, Union Minister Ananth Kumar on Monday said.

Shares of fertilizer manufacturers fell sharply on Tuesday, following the government's decision to cut retail prices of non-urea fertilizers yesterday. State-run fertilizer manufacturers cut the price of diammonium phosphate (DAP) by Rs 2,500 per tonne, while price of muriate of potash (MOP) was slashed by Rs 5,000 per tonne with immediate effect.