Saturday, June 25, 2022

No plan to increase the rate of DAP and NPK fertilizers: IFFCO MD

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  • IFFCO's Managing Director Dr US Awasthi on Sunday said that there is no plan to increase the rate of DAP and NPK fertilizers

  • There is a huge spike in the cost of raw materials like phosphoric acid and others- US Awasthi

New Delhi: Amid nationwide farmers protest against three agricultural bills, which have been passed from the both of houses, the Indian Farmers Fertilizer Cooperative Limited (IFFCO) has said that it is not going to increase the rates of its fertilizers- DAP and NPK. The cooperative society has reiterated that it has no plan to increase the maximum retail price (MRP) of DAP and NPK fertilizers.

IFFCO’s Managing Director (MD) US Awasthi has said in a tweet that though there is a huge spike in the cost of raw materials like phosphoric acid and others in the international market, still we are not going to increase the price of fertilizers.

He said that there is no plan to increase the MRP of DAP and NPK fertilizers during Rabi season as “our aim is to serve the farmer community by reducing input Agri cost for them which is in line with Prime Minister Narendra Modi’s clarion call of AatmaNirbhar Bharat. It also aims to double the farmers' income by 2022."

Also read: IFFCO’s Dr US Awasthi featured on ‘50 Most Influential Indians 2020’ list

Indian Farmers Fertilizer Cooperative Limited (IFFCO)

Indian Farmers Fertilizer Cooperative Limited (IFFCO) is a leading cooperative society engaged in the business of manufacturing and marketing of fertilizers. It has 5 manufacturing plants in India. Started in 1967 with 57 member cooperatives it is today the biggest co-op in the world by turnover on GDP per capita with around 35,000 member cooperatives reaching over 50 million Indian farmers.

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