Industry body SFAI says an uncertain or weak monsoon could increase demand for soluble fertilisers during India’s Kharif season, but higher prices pose the main risk to overall consumption. In comments reported by PTI, SFAI President Rajib Chakraborty links the recent price jump to global supply disruptions. He says key inputs have risen by about 60% to 100% over the past year, driven by China’s export curbs and disruptions associated with tensions in West Asia. Chakraborty cites monoammonium phosphate (MAP) as an example: it is reported to have sold for around $1,000 per tonne in the past couple of years, and is now trading at roughly $1,500–1,600 per tonne. He adds that a $600 per tonne increase would be significant for buyers. While a weaker monsoon may drive farmers to use soluble products, SFAI warns that if prices become too high, farmers reduce or stop using them. The association also indicates that controlling prices is not feasible or not within its scope.
SFAI says weak monsoon may boost soluble fertiliser demand, but price hikes threaten demand
Industry body SFAI says an uncertain or weak monsoon could increase demand for soluble fertilisers during India’s Kharif season, but higher prices pose the main risk to overall consumption. In comment...
- SFAI expects weak/uncertain monsoon conditions could support soluble fertiliser demand in the Kharif season.
- SFAI identifies price increases as the biggest risk to demand and consumption.
- SFAI says key input prices rise 60% to 100% over the past year.
- SFAI attributes input cost increases to China’s export curbs and disruptions tied to tensions in West Asia.
- SFAI cites MAP prices moving from about $1,000/tonne to roughly $1,500–1,600/tonne.
An uncertain monsoon could work in favour of India's soluble fertiliser makers this Kharif season, but a sharp rise in prices poses a bigger risk to demand, industry body SFAI said on Sunday. Prices of key inputs have surged 60-100 per cent over the past year due to China's export curbs and disruptions linked to tensions in West Asia, Soluble Fertilizer Association of India (SFAI) President Rajib Chakraborty said. "Current prices are almost 60 to 100 per cent up," Chakraborty told PTI, adding that monoammonium phosphate (MAP), which sold for around USD 1,000 per tonne over the last couple of years, is now trading at USD 1,500-1,600 per tonne. "An increase of USD 600 per tonne means it's a big thing," he noted. Asked about the biggest risk to the sector this season, Chakraborty said it was the possibility of a drop in consumption due to the price rise. "The moment it becomes very expensive, farmers stop using it," he said, adding that price control was not possible or within the ..
4 hours agoKey input prices have surged 60-100% in the past year due to China’s export curbs and West Asia tensions, SFAI President Rajib Chakraborty said
4 hours ago
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