Urea likely to remain under price control for five more years: ICRA

摘要

Credit rating major ICRA Ltd. has concluded that the urea industry would remain under control for at least five more years. In a report on 'Indian fertiliser sector', ICRA noted, "NBS (nutrient based subsidy) and decontrol in urea are unlikely to be adopted in the medium term following evidence of demand destruction in P&K fertilisers (due to sharp increase in farm gate prices) as well as heterogeneous composition of the industry as it stands today. Even in an unlikely scenario of adoption of NBS, the same is likely to be a continuation of the existing grouping system with convergence towards two groups over the next four years."