Price of chemical fertilizers increases in Iran

Business Materials 5 September 2020 14:20 (UTC +04:00)
Price of chemical fertilizers increases in Iran



The price of chemical fertilizers has increased 10 times before the growing season and that is a threat to food security, said a member of parliament's plan and budget commission.

"Prices have increased up to ten times comparing to last Iranian year(started March 21, 2019) that has created problems for farmers," said Mohammad Hosseini, Trend reports citing Fars News Agency.

"The country needs 600,000 tons of fertilizers and only 150,000 tons of potassium and phosphate fertilizers are produced domestically," he said.

"Iran produces 2.4 million tons of urea domestically from 3 million tons that are needed in the agriculture sector but the increase of price would affect the agricultural products," he added.

"The government has eliminated the subsidy that was previously planned for chemical fertilizer in the current Iranian year(started March 20, 2020). Therefore plan and budget commission, as well as the agriculture commission should deal with this the issue," he said.

"Meanwhile assigning official foreign currency rate to the import of fertilizers has been eliminated as well that led to an increase of fertilizer's price," he said.

"The growing season is starting in the coming days and the government should supply the necessary fertilizer to farmers and prevent the increase of prices," he said.

"It is recommended that the government would supply seed and other requirements to farmers in current Iranian year(started March 20, 2020) otherwise there would be a threat for wheat and barley production," he said.