India produces urea at $350-400/tonne against global price of $1,000/tonne: FAI

Indian companies are generating urea at $350-400/tonne in opposition to current world-wide selling price of $one,000/ tonne, mentioned Fertiliser Affiliation of India.

However, the subsidy might exceed ₹1.three lakh crore in current fiscal, in opposition to the budget estimate of ₹80,000 crore, FAI Chairman K S Raju mentioned at the affiliation yearly function. He underscored the value of self sufficiency in domestic output even if uncooked materials is imported for some fertilisers like DAP and MoP.

The typical output value of urea in outdated plant is about $350/tonne and in new plant is $400/tonne in India, mentioned Satish Chander, Director Typical of FAI.