Govt to cut prices of non-urea fertilisers
The government for the third time in its tenure has decided to cut down the prices of non-urea fertilisers -- muriate of potash (MoP) and diammonium phosphate (DAP) -- by 40 and three percent respectively, as an incentive to farmers to grow more winter crops.
At the farmers' level, MoP will be sold at Tk 15 a kilogram, which now sells at Tk 25, while DAP will be sold at Tk 27 a kg, which now costs Tk 30, said a press release of the Ministry of Agriculture.
At dealers' level new price of MoP will be Tk 13 a kg and DAP Tk 25 a kg. The government will issue a circular soon in this regard to make the new prices effective.
"We want the farmers feel encouraged to produce more winter crops, especially potato and reduce their dependency on urea only. It is important to ensure balanced use of fertiliser, which would also help sustain soil fertility," the release said.
Prices of all non-urea fertilisers were almost halved on January 14, 2009 and later on November 3 last year the government again slashed the prices.
The government will subsidise Tk 2200 crore for these fertilisers this fiscal year, said an official at the agriculture ministry.
The country requires four lakh tonnes of MoP and 3.5 lakh tonnes of DAP for this fiscal year, he added.
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