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Fertilizer producers' group to fix phosphoric acid prices

principles of fair trade practices.This group will keep a check on.

, ET Bureau|
Updated: Apr 23, 2012, 07.52 PM IST
0Comments

NEW DELHI: Indian fertiliser Industry has decided to constitute a purchase group of manufacturers of DAP and other NP/NPK fertilizers based upon the imported phosphoric acid. This group will decide the price at which the country should buy the phosphoric acid in the interest of maintaining the fair prices for the Indian farmers.

"Fertilizer Association of India (FAI) will provide administrative support to this purchase group. This will help manufacturers get a better bargain while purchasing phosphoric acid - a key ingredient in fertilizer," said an official of FAI.

FAI has requested all Indians associated in advisory capacity to the suppliers of phosphoric acid to withdraw from such a role.


""It has also come to the notice of the industry that some advisory group consisting of Indian nationals are advising the suppliers for keeping the unfair prices. So in the interest of Indian companies, they should step down from these positions,"" he said.

Indian fertiliser industry has been importing DAP and other raw materials like phosphoric acid at best possible prices to keep the burden of subsidy within manageable limits and provide fertilisers to farmers at reasonable prices. However, major suppliers of phosphoric acid led by some of the major players are manipulation prices to raise them at unreasonable levels.

"Such practices are not only violates the spirit and provisions of the Indian Competition Law but also similar international principles of fair trade practices. This group will keep a check on unfair business practices," he said.

Also Read

Cheaper Sulphur, Ammonia & Phosphoric Acid to lower up fertilizer prices by 17%

Fertilizer companies to benefit from GST cut on phosphoric acid to 12% from 18%: ICRA

Will not buy phosphoric acid above USD 600/ton: Fertiliser companies

Indian Fertiliser firms plans to import phosphoric acid at $600 per tonne

IFFCO's Jordan plant starts production of phosphoric acid

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