Bengaluru: The government has decided to reduce prices of key fertilisers like Diammonium Phosphate (DAP), Muriate of Potash (MOP) and Nitrogen Phosphate and Potash composition (NPK), Union Minister for Chemicals and Fertilizers Ananth Kumar said on Saturday.
"DAP, MOP and NPK fertiliser prices have never come down in last 15 years and it was increasing. Now government of India has decided to reduce the price of all these three fertilisers by about Rs 4,000 per tonne," he said.
Speaking at the BJP's state office bearers meeting here, he said, "It was a long standing demand to reduce the price of DAP, MOP and NPK fertilisers.
"DAP price will be reduced by a minimum of Rs 2,000 per tonne. This means that we will be reducing the price by Rs 100-150 per 50 kg bag. MOP and NPK prices will be?reduced by Rs 4,000 per tonne."
Terming it as "good news", Kumar said: "On Monday we will be making an official announcement regarding this."
Wishing for good rains this year after drought in the last two years, he assured the Modi government is working towards providing the best to farmers.
Citing examples of Pradhan Mantri Fasal Bima Yojana and Pradhan Mantri Krishi Sinchai Yojana, among others, the minister said neem-coated urea has ensured there is no shortage of urea across the country.
In Karnataka alone, an additional one lakh metric tonne urea had been supplied, so that farmer's don't face problem during kharif season.