Pesticides manufacturers to rollback price increase

Pesticides manufacturers have urged the government to reduce GST from 18% to 5%

Under pressure from the government, pesticide manufacturers have agreed to roll back prices of about a dozen products, which they’d increased by up to five to 10 per cent about two weeks earlier. This was just ahead of the peak demand season.

The Union agriculture ministry said this was unwarranted, as input prices hadn’t changed. It convened a meeting with the manufacturers on Thursday. “We met the ministry officials and explained our positions,” said Pradeep Dave, president, Pesticide Manufacturers & Formulators Association of India. He said there had been a five to 10 per cent rise in prices of technical grade