Rising DAP, potash prices dampen kharif yield prospects
Since non-urea (MoP, DAP, complex) varieties cost higher, many farmers prefer to use more urea than actually needed. Prices of phosphatic and potassic fertilisers are determined by the market as subsidies provided by the government are minimal and fixed. Fertiliser cooperative IFFCO hiked prices of DAP and complex fertilisers by 46-58% for supplies from new global contracts for inputs, compared to the rabi season.
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