In West Bengal, farmers have suffered another major setback between the election and the peasant movement against central agricultural laws. India’s largest fertilizer seller Indian Farmer Fertilizer Co-operative (IFCO) has increased the price of fertilizers. The price of a 50kg bag of dio-ammonium phosphate (DAP) has been increased by 58 per cent. Previously it was available at Rs 1200, when farmers would now have to pay Rs 1900. After urea in the country, farmers tell us that they use DAP more.
According to a report by Indian Express, Ifco has increased the MRP of NPKS (Nitrogen, Phosphorus, Potash and Sulfur) of various mixtures. 10:26:26 The price has been increased from Rs 1,175 to Rs 1,775, so at 12:32:16 you can now get Rs 1,800 instead of Rs 1,800. At the same time, for a 50kg bag with a mix of 20: 20: 0: 13, you now have to spend 1350 rupees instead of 925. The new prices will go into effect on April 1st.
The cost of non-urea fertilizers has already been deregulated, an IFCO spokesman said. He said that no political party or government has anything to do with the cooperative decision. He said this rise in prices is mainly an international market. Their prices have risen sharply in the international market in the last 5-6 months.
In October, DAP paid Rs 29,845 per tonne. If it had to be spent, it would now cost 40,290 per ton. Similarly, the price of ammonia in the international market has increased from Rs 20891 per tonne to Rs 37,306 per tonne. The price of sulfur has gone up from Rs 6,342 per tonne to Rs 16,414 per tonne. During this period, urea and potash prices have increased significantly. The price of urea per tonne has increased from Rs 20,518 to Rs 28352 per tonne.
Petrol, diesel and cooking gas prices can have a political and economic impact on fertilizer prices. The price of fertilizer has been increased during the elections in West Bengal and the ruling party’s BJP workers are being brought in to the center. On the other hand, farmers have been protesting at the Delhi border for a long time. Farmers are opposed to the 3 agricultural laws of the central government.
Will inflation rise?
Agricultural experts say that the increase in fertilizer prices not only affects farmers but also increases farm costs. Along with fertilizer prices, the Modi government will also be pressured to increase the MSP of value.