In West Bengal, between the election and the peasant movement against the Central Agricultural Laws, the donors have suffered another major setback. The country's largest fertilizer vendor Indian Farmers Fertilizer Cooperative (IFFCO) has increased the price of fertilizers by a big. The price of a 50-kg bag of dye-ammonium phosphate (DAP) has been increased by 58 percent. Earlier it was available for 1200 rupees, then farmers would now have to pay 1900 rupees. Let us know that after urea in the country, farmers use DAP the most.
According to a report by Indian Express, IFFCO has also increased the MRP of NPKS (nitrogen, phosphorus, potash, and sulfur) of various mixtures of fertilizers. The price of 10:26:26 has been increased from Rs. 1,175 to Rs. 1,775, so for 12:32:16, you will now have to pay Rs. 1,800 instead of 1,185. At the same time, for a 50 kg bag with a mixture of 20: 20: 0: 13, now you have to spend Rs 1350 instead of 925. The new prices come into effect from 1 April.
A spokesperson of IFFCO said that prices of non-urea fertilizers are already deregulated. He also said that the cooperative's decision has nothing to do with any political party or government. He said that this rise in prices is mainly due to the international market. Their prices have risen sharply in the international market in the last 5-6 months.
Whereas DAP had to spend Rs 29,845 per ton for import in October, now its price has increased to 40,290 per ton. Similarly, the price of ammonia in the international market has increased from Rs 20891 per tonne to Rs 37,306. The price of sulfur has increased from Rs 6,342 per tonne to Rs 16,414 per tonne. During this period, the prices of urea and potash have also increased significantly. The price of urea per ton has increased from Rs 20,518 to Rs 28352.
Rising prices of petrol, diesel, and cooking gas may have a political and economic impact on the rise in fertilizer prices. The price of fertilizer has been increased at a time when elections are going on in West Bengal and the ruling party BJP at the center is busy bringing farmers here. On the other hand, farmers have been engaged in protests on the borders of Delhi for a long time. The farmers are opposing the 3 agricultural laws of the central government.
Will inflation rise?
Agricultural experts say that the increase in fertilizer prices will not only affect the farmers but also increase the cost of farming will increase the prices of grains and vegetables. With the increase in fertilizer prices, there will also be pressure on the Modi government to increase the MSP of cereals.
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