New Delhi (NVI): The state-run fertiliser firm, IFFCO today announced the reduction in the price of NP fertilisers by Rs 50 across India with immediate effect on all stocks.
“This reduction of Rs 50 per bag on NP 20:20:0:13 (Ammonium Phosphate Sulphate) fertilisers reducing agriculture input cost to farmers is inline with Prime Minister Narendra Modi’s vision of doubling the farmers income by 2022,” the Ministry of Chemicals & Fertilizers said in a statement.
IFFCO will keep on reducing prices wherever possible for farmers, it added.
According to an IFFCO statement, the cost is reduced by Rs 1,000 a tonn is done to support to farmers on sulphur, a key input nutrient for the soil.
This nutrient is very important for all type of oilseeds crops, which improves the quality of the crops and also helps in the good growth of the plants.
Earlier in September, IFFCO also announced that they will not increase any cost of DAP and NPK fertiliser in this Rabi season for the farmers.