WebinarsNew
Deep DiveNew
Explore Business Standard
An uncertain monsoon could work in favour of India's soluble fertiliser makers this Kharif season, but a sharp rise in prices poses a bigger risk to demand, industry body SFAI said on Sunday. Prices of key inputs have surged 60-100 per cent over the past year due to China's export curbs and disruptions linked to tensions in West Asia, Soluble Fertilizer Association of India (SFAI) President Rajib Chakraborty said. "Current prices are almost 60 to 100 per cent up," Chakraborty told PTI, adding that monoammonium phosphate (MAP), which sold for around USD 1,000 per tonne over the last couple of years, is now trading at USD 1,500-1,600 per tonne. "An increase of USD 600 per tonne means it's a big thing," he noted. Asked about the biggest risk to the sector this season, Chakraborty said it was the possibility of a drop in consumption due to the price rise. "The moment it becomes very expensive, farmers stop using it," he said, adding that price control was not possible or within the ..