Recent news reports suggested that the government announced a cut in prices of fertilisers such as Diammonium Phosphate (DAP). Speaking to CNBC-TV18, Satish Chander of the Fertiliser Association of India said only government fertiliser companies have been told to cut prices. Pricing power is with private companies, he said.
Today fertiliser stocks have reacted as suppliers agreed to cut Diammonium Phosphate (DAP) and Nitrogen, Phosphorus, Potassium (NPK) price for Indian fertiliser companies, reports CNBC-TV18, quoting Reuters.