FERTILIZER PRICING Subject: Economy Context: Govt considering subsidy to offset rise in global prices of P&K fertilisers’ raw material. Concept: Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them. The difference between the retail price and production cost/domestic price is given […]

    FERTILIZER PRICING Subject: Economy Context: After diesel, fertilizers to take toll on farmers; IFFCO hikes prices by 45-58% Concept: Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them. The difference between the retail price and production cost/domestic price is given as […]