World’s first $7 liquid fertiliser may boost agriculture sector

World’s first $7 liquid fertiliser may boost agriculture sector

NEW DELHI: The industry-first liquid nano DAP (Di-Ammonia Phosphate) fertiliser, being produced by the Indian Farmers Fertiliser Cooperative Ltd (IFFCO), is likely to boost India’s agriculture sector.

Earlier this week, Indian home minister Amit Shah launched the product, which is set to cost Rs 600 ($7) in the local market, and is claimed to be a revolutionary product.

“The launch of IFFCO’s liquid DAP nano is an important beginning towards making India self-reliant in the field of fertilizers,” Shah said.

A single 500 ml bottle of liquid DAP contains 8% of Nitrogen and 16% of Phosphorus, according to the available information.

The liquid product is considered as a replacement of 50 kilograms of a bag of traditional DAP costing farmers about Rs 1,350.

The new product will reduce production costs for farmers.

The fertiliser subsidy would not be applicable for liquid DAP while conventional urea is heavily subsidised.

The government is likely to spend INR 2.25 lakh crore in FY 2024 on fertiliser subsidies.

Early this year, the Agriculture Ministry authorised IFFCO’s nano DAP fertiliser since the cooperative owns the patent on its nano urea and nano DAP, and would receive royalties for the next 20 years.

Image courtesy – Freepik



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