India may revise NBS rate (nutrient based subsidy)

The global prices of DAP and raw materials of DAP and other P&K manures have increased, in most recent couple of months.

Ministry of Chemicals and Fertilizers, Government of India is closely observing the situation and taking steps to make the availability of P&K fertilizers & DAP at the affordable price to the farmers. DOF, MC&F, GOI, has already advised the fertilizer companies to sell their old stocks of DAP etc. at the old prices only. 

Yesterday (15th May 2021) PIB press release indicates that NBS rates for 2021-22, may revise considering the rise in international prices of raw materials of P&K Fertilizers and DAP to support the farmers. To know more, please go to attached PIB press release on P&K Fertilizers….