26 June 2008 18:08 [Source: ICIS news]
NEW DELHI (ICIS news)--India will bring two more fertilizers - triple super phosphate (TSP) and ammonium sulphate (AS) - under a subsidy programme for decontrolled fertilizers, the government said on Thursday.
The subsidy mechanism is known as “concession scheme”.
The Cabinet Committee on Economic Affairs (CCEA) decided the inclusion of TSP would enlarge the basket of phosphatic fertilizers. TSP was a cheaper substitute to diammonium phosphate (DAP), which is tight in supply on the global market.
The government said: “This will not only provide access to alternative supply of phosphatic fertilizer but would also lead to savings in subsidy.”
In October 2007, the government had brought mono ammonium phosphate (MAP) under the subsidy scheme to ease demand pressure on DAP. Both TSP and MAP are not produced in the country.
CCEA said it believed the decision to bring AS under the subsidy plan would encourage balanced use of fertilizers by farmers.
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