Fertilizers India's Fertilizer Demand Stumbles
According to Tata Chemicals, demand for fertilizers like Diammonium Phosphate (DAP) and Muriate of Potash (MoP) in India is expected to fall by 15-20 percent in current year. Company officials mentioned that the reason for lower demand is caused by as a weak rupee and lower government subsidy push up prices.
Mumbai/India – As per the figures available, India consumed 10.8 million tonnes of DAP in the fiscal year 2011-12. On the other hand, MoP’s consumption in the country was three million tones.