Researcher Predicts Complex Fertilizer Prices Will Drop Following Subsidy Hike

S K Singh predicted that complex fertilizer prices would decrease following a subsidy increase for the rabi season. Previously, complex fertilizers were selling at high prices, averaging between ₹1,800 and ₹2,300 per bag, because they lacked a government price ceiling, unlike DAP, which was sold at a benchmark rate of ₹1,350 per bag. Official figures showed that the demand for complex fertilizers in October was 18.51 lakh tonnes, while only 4.48 lakh tonnes were sold.

The subsidy announcement and subsequent price changes affect the agricultural input market. S K Singh noted that sales should not have declined because most farmers purchase fertilizers in advance, but factors like low moisture and deficient rainfall contributed to lower sales.