 "agrochemical")
The acute shortage of Di-Ammonium Phosphate (DAP) has pushed up prices of the next best alternative NPK and other complex fertilisers as farmers scramble to replenish their inventories ahead of critical rabi sowing season.
In many markets of Madhya Pradesh, farmer leaders said that a 50-kilogram bag of NPK and also that of other complex fertilizers are selling at a price which is 25-50 per cent more than last year.
“Phosphatic manufacturers have shifted production primarily to NPK grades amid elevated input prices of phosphoric acid and ammonia,” Ratings agency ICRA said in a recent research note.
Both DAP and
