The Government has ensured smooth availability of fertilizers at affordable prices despite recent geo-political situations due to Russia - Ukraine war
The govt has ensured the smooth and affordable availability of fertilizers for farmers, with urea being provided at a statutorily notified Maximum Retail Price (MRP) of Rs. 242 per 45 kg bag, excluding neem coating and taxes. The government compensates urea manufacturers or importers by providing subsidies to cover the difference between the delivered cost at the farm gate and the market price.
Government Ensures Stable P&K Fertilizer Prices Amid Global Challenges
For Phosphatic and Potassic (P&K) fertilizers, the government follows the Nutrient Based Subsidy (NBS) Policy, which sets a fixed subsidy amount based on the nutrient content of the fertilizers. “While the government decontrols the import of P&K fertilizers, it monitors international prices and adjusts NBS rates accordingly.”
Despite global challenges, including the Russia-Ukraine war, the government has maintained fertilizer prices by providing additional subsidy packages when necessary. “The government introduced special packages during Rabi 2021-22, Kharif 2022, Rabi 2022-23, and Kharif & Rabi 2024 to stabilize prices and absorb market fluctuations.”
Govt Plans Long-Term Fertilizer Agreements to Diversify Sources
The government is also working to diversify fertiliser sources by facilitating long-term agreements between Indian fertilizer companies and resource-rich nations.
This information was shared by the Union Minister of State for Chemicals and Fertilizers, Smt. Anupriya Patel, in a response to a question in the Rajya Sabha today.
About the Author
