IFFCO’s gift to farmers on May day; Fertilizer prices slashed

IFFCO’s gift to farmers on May day; Fertilizer prices slashed

Posted on 01 May 2013 by Ajay Jha

World’s largest producer and marketer of processed fertiliser, Indian Farmers Fertiliser Cooperative Limited (IFFCO), have reduced the rates of its complex fertilisers with immediate effect to provide relief to farmers of the country after the approval of fixation of new NBS rates for Phosphatic & Potassic (P&K) fertilizers for the year 2013-14 by Union Cabinet on Wednesday.
IFFCO will also provide the price protection to farmers for the old material which is already in the stocks as the new rates are applicable from 1st of April, 2013.
IFFCO will be reducing Rs. 1500 per ton in DAP which will make a reduction of price to farmer by Rs. 75 per bag of 50Kg, Rs 1300 per tonn reduction in NPK which means Rs 65 per bag of NPK–I & NPK-II will be reduced and Rs 1000 per tonn in NP which means Rs. 50 per bag of NP.
On this very important announcement Iffco Managing Director Dr. U S Awasthi told Indian Cooperative that “We at IFFCO care for the our farmers & take every step for their benefit, I am very happy to announce the new reduced rates by IFFCO”.
He further added that this announcement is very encouraging and would help bring much needed succor to farmers of the country. He also said that this move will certainly help in rejuvenating the soils of the country thereby increasing farm productivity on sustainable basis so as to ensure food security for the Nation.
IFFCO being the farmers’ own cooperative Society, has been trying to draw attention of all concerned to the rising subsidy amount, depleting soil health and need to restore the soil fertility through balance application of nutrients.
Talking on the issue Dr. Awasthi said that through our Save our Soil campaign we have been trying to conserve our soil. Iffco is of the firm opinion that to maintain soil health for sustainable agriculture where fertiliser manufacturers should come forward and shoulder responsibility to educate farmers as well as sales point personnel on efficient & judicious use of nutrients, he added.