Fertilizer Policy in India and International Trade

摘要

India being the third largest producer and consumer of fertilizers plays a significant role in International Fertilizer Trade. To provide fertilizers to farmers at affordable prices, fertilizer policy in India is based on state subsidy an dis going through major changes to take care of balooning subsidy burden as well as changing global scenario including WTO regulations. The need for international fertilizer trade arises due to uneven distribution of natural resources across the globe and constitutes about 43 per cent of total work fertilizer nutrient consumption. The international fertilizer prices are basically determined by the demand and supply and debate over "produce" or "import" options goes on and on. A balanced approach to produce or import option is required to contain volatility in international prices.