India Potash Limited (IPL), has decided to cut the price of Muriate of Potash from the present level of Rs.19000 per MT to 17500 per MT i.e a reduction of Rs. 75 per bag w.e.f 18th may 2020.
Muriate of potash, also called potassium chloride is necessary for plant growth and quality. It plays an important role in the production of proteins & sugars. It also protects against drought by maintaining plants water content which in turn is a benefit for photosynthesis as leafs maintain their shape and vigor.
Company said that this reduction in price for farmers has been done despite substantial weakening of Indian rupee against US Dollar in the last one year and cut in the government subsidy on MOP by Rs. 604 per MT w.e.f. 1st April 2020.
Dr P.S Gahlaut, MD, India Potash Limited (IPL) said we believe that this step would result in balanced use of fertilizers which alone is the way forward to sub serve the Government’s goal of reducing farmers cost on fertilizers & increasing the agriculture output. He said, Company is always in favor of promoting scientific and judicious use of fertilizers.
In the meanwhile, Union Minister of Chemicals and Fertilizers, D V Sadananda Gowda congratulated Dr. P S Gahlout and management of the IPL for taking a big step to assist farmers in the ‘need of the hour’. He said " Price cut of MOP during COVID-19 period will immensely benefit farmers especially marginal and small scale farmers. Lower input cost will lead to increase in agricultural output and support income of farmers. "
