MUMBAI, April 9 (Reuters) – The Indian authorities has advised fertiliser producers they can’t make rapid value will increase, a junior minister stated on Friday after some copmpanies raised costs this week.
“It has been determined that within the current circumstances there shall be no rapid enhance in costs of fertilisers,” Mansukh Mandaviya, the junior minister liable for chemical substances and fertilisers, stated in a press release after a gathering with producers.
Fertiliser firms this week raised costs by greater than a 3rd after of potash and phosphate costs jumped within the world market.
(Reporting by Rajendra Jadhav and Rupam Jain Enhancing by David Goodman)
(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.