The ongoing political turbulence in Egypt could affect import of fertiliser inputs for “some time”, says a note put up by the Ministry of Chemicals and Fertilisers.
The fertilizer industry is pleased with the government’s decision to hike fertiliser subsidy. Shankar Narayan, Chairman and Managing Director of FACT, speaking exclusively to CNBC-TV18 says that the hike is going to help in improving the operating margins of the company, although he believes it will not affect the international prices.
Satish Chander, Director General, Fertilizer Association of India said there has been no investment in Urea in the past 12 years. He expects urea to be decanalised.