NEW DELHI, Oct 11 (Reuters) - The Indian government raised price of the most used nitrogenous fertiliser urea by 50 rupees per 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 and pays heavy subsidy to producers to make sure farmers get the crop nutrient at a lower price.
In 2011/12, urea consumption in India stood at 29 million tonnes compared to 28.2 million tonnes a year earlier. India imported 7.83 million tonnes of urea in 2011/12 compared to 6.6 million the previous year.
($1 = 53.1350 Indian rupees) (Reporting by C.K. Nayak)
Keywords: INDIA UREA/PRICE