IFFCO, however, clarified that the company will not sell fertiliser immediately at the increased prices.
“We will sell the 11.26 lakh tonnes of complex fertiliser which will be sold at old rates only. Materials with new rates are not for sale to anyone. There is enough material in the market with old rates and I have instructed the IFFCO marketing team to sell only previously packed material with old rates to farmer,” tweeted U S Awasthi, managing director and chief executive of IFFCO.
Awasthi tweeted that the prices of complex fertilisers mentioned by IFFCO are only tentative.
“The International prices of the raw materials are yet to be finalise by companies. Indeed, there is a sharp increase seen in the trends of international raw material prices,” he tweeted.
The rise in fertiliser prices is likely to break the backbone of farmers, who are already reeling under the high price of diesel. In the ensuing kharif season the input cost may get doubled.
“The minimum support price (MSP) is not in consonance with the higher input cost. Any further rise in cost will badly affect the economics of agriculture. In present situation, the MSP of Kharif crops including rice, bajra and pulses should be increased substantially to support farmers,” said Rajveer Singh, a farmer leader.