2 publishers · first seen Wed, 11 Nov 2026 00:00 UTC · updated Thu, 12 Nov 2026 14:08 UTC
The Union Cabinet has approved a ₹62,370 crore subsidy for phosphatic and potassic (P&K) fertilisers for the Rabi 2026-27 season, a 64.3% increase from the previous season's ₹37,952 crore. This decision comes in response to rising global fertiliser prices and disruptions in international trade, particularly following the US-Israel attacks on Iran in February. The increased subsidy aims to ensure that farmers can access fertilisers at affordable prices, despite the higher costs. The government has also approved a sulphur package for domestic manufacturers, setting a floor price for sulphur and sulphuric acid. The total fertiliser stocks in India have risen by 35.6% year-on-year to 23.52 million tonnes as of November 10, 2026.
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