NEW DELHI: The government on Wednesday called out major foreign fertiliser companies for making a killing by artificially hiking the international fertiliser prices during the Russia-Ukraine war taking advantage of the disruptions in supply chain. Without taking any name, Union fertiliser minister Mansukh Mandaviya said India will not tolerate cartelisation where a few countries or companies set the prices of the soil nutrients.
Speaking at an event organised by the Fertiliser Association of India (FAI) attended by several foreign players, Mandaviya said, “The international prices of fertiliser went up in the past one year. I studied and found that a few players were setting the prices. Any country or company setting the price is not fair. The price should be set by the market. But this did not happen. You may get short-term profit. But by doing so you give us an opportunity to find long-term solutions to go for alternate fertilisers.” India is the largest importer of fertilisers.
