Urea price will rise to Rs.5310 from present 4810. Government have also allowed the companies to decide their own prices for nutrient grade fertilizers. This announcement is aiming towards fresh investment in fertilizer industry.
Share prices of some fertilizer companies such as RFC, National fertilizers, Nagarjun fertilizers, Chambal fertilizers have surged today by approximately 2 percent on an average.
However, analysts say hike in price of urea will not benefit the fertilizer companies because Government will reduce subsidy by 10 percent. Government can save 13 billion on subsidy bills. It will neutralize the positive effect on fertilizer companies. Moreover, it will affect the farmers negatively and will fuel to price hike in agricultural products.
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Presented by:
Jyoti Kothari
Jyoti Kothari, Proprietor, Vardhaman Gems, Jaipur represents Centuries Old Tradition of Excellence in Gems and Jewelry. He is also a ISO 9000 professional.
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