The Economic Times

Fertiliser industry seeks hike in subsidy rate for Kharif season due to rising raw material cost

The Fertiliser Association of India seeks higher subsidy rates for the upcoming Kharif season. Raw material prices have significantly increased, impacting domestic fertiliser production viability. Industry leaders met to review the Middle East crisis's effect on key input costs. Existing subsidy rates have not kept pace with the changed cost environment. Maintaining uninterrupted domestic production is critical for ensuring adequate stock buildup.