Implications for Indian industry: Fertilizer prices to stay flat over next 15 years
Jan 31: In what is going to be of interest to the fertilizer sector in India, projections made by a well known bank shows the price of urea staying mostly flat and rising only mildly over the next 15-year period 8The benchmark East Europe bulk price of urea is expected to stay below the $ 250 per tonne mark all along 8On the other hand, the price of rock phosphate is expected to fall to around $ 104/tonne by the year 2030 8DAP prices too will remain range bound over this period, at $ 350-$ 370 per tonne 8Potassium chloride and TSP prices will also witness narrow price movements. 8Domestic fertilizer manufacturers may find these projections useful for their internal NPV calculations for capital expansions Click on Reports for more