AreaIndia

Commodity GroupRice

CommodityAll

Date19/05/2021

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionRaised subsidies on diammonium phosphate (DAP) by INR 148 billion (USD 2.0 billion) to ensure that, despite increases in international prices of the fertilizer, local producers could continue purchasing DAP at a subsidized rate of INR 1 200 (USD 16) per 50 kg during the 2021 Kharif season.

NotesExchange rate as of 15 October 2021.