diammonium phosphate
The manufacturers reportedly charge extra for the fertilizers and compel the dealers to pick them up from a remote location, increasing costs that are then passed on to farmers. As a result, farmers end up paying significantly more for fertilizers like diammonium phosphate (DAP) and urea.
Recent S&P Global reports on phosphate prices contested by IPL for inaccuracy.
The country is exploring strategic moves to ensure the availability of agricultural inputs.
Industry experts fear trade rerouting and new inflationary pressures, particularly impacting DAP fertilizer manufacturing.
Eight brands of complex water-soluble fertilizers, ammophos and diammonium phosphate were awarded.
In the 2022-2023 period, fertilizer exports from Russia exceeded $3 billion.
Investments to the project may reach $355 million.
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