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IFFCO raises prices of potash fertiliers by up to 60%, say sources

Informist, Thursday, Apr 8, 2021

 

By Sunil Raghu

 

AHMEDABAD – Indian Farmers Fertilisers Cooperative Ltd has raised prices of diammonium phosphate by 58.33% to 1,900 rupees per 50 kg bag and other phosphatic fertilisers of multiple grades by up to 60% between 1,350 rupees and 1,800 rupees per 50 kg bag, sources said.

 

The new prices are effective from Apr 1. The cooperative has kept the distribution margin at 480 rupees per tn.

 

IFFCO makes di-ammonium phosphate and complex fertilisers at its Kandla and Paradeep plant, and has a cumulative capacity of 4.3 mln tn per annum.

 

The company has a market share of 22% of Indian phosphatic fertiliser and earns about 45% of its revenue through diammonium phosphate. It also has about 26% market share in urea segment, including imported urea.  End

 

Edited by Akul Nishant Akhoury

 

Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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