Increased fertiliser rate will not be applicable for farmers, says IFFCO

After outcry, says it will sell 1.13 mt at old rates

A day after hiking the retail price of di-ammonia phosphate (DAP) by a steep 58 per cent, fertiliser major IFFCO on Thursday said the increased rate will not be applicable for farmers. It also said that around 1.13 million tonnes (MT) of complex fertilisers, including DAP, will be sold at the old rates in April.

The clarification came after a letter issued by the company showed that the rate of a 50-kilogram bag of DAP was raised to Rs 1,900 from the prevailing rate of Rs 1,200 per bag, an increase of about 58 per cent. The hike was set to