India raises urea price by 50 rupees/T- govt spokesman


NEW DELHI, Oct 11 (Reuters) - The Indian government raisedprice of the most used nitrogenous fertiliser urea by 50 rupeesper tonne on Thursday, a government spokesman said.

Earlier, urea was priced at 5,310 rupees ($99.9) per tonne.

The government controls urea price and its distribution andpays heavy subsidy to producers to make sure farmers get thecrop nutrient at a lower price.

In 2011/12, urea consumption in India stood at 29 milliontonnes compared to 28.2 million tonnes a year earlier. Indiaimported 7.83 million tonnes of urea in 2011/12 compared to 6.6million the previous year.

($1 = 53.1350 Indian rupees)(Reporting by C.K. Nayak)

(rajendra.jadhav@thomsonreuters.com; +91-22-6180-7153; ReutersMessaging: rajendra.jadhav.reuters.com@reuters.net)