Drop-in basic raw material prices will boost the production of fertilizer in the country

The fertilizer production is predicted to grow in the country as the Rabi season approaches, and with the current pricing of Sulphur, Ammonia, and Phosphoric Acid, the prices are set to tumble between 6-17%. These plunging will only be observed for the NPK based fertilizer, though, as the prices of state-controlled Urea have stayed fairly steady at Rs. 265/45 kg bag.

The current global prices of major fertilizers are about 20% less t....