Black market for fertilizers is booming in India as prices soar3 min read . Updated: 29 Nov 2021, 07:34 AM IST
- On the black market, a 45-kilogram bag of di-ammonium phosphate is selling for 1,500 rupees
Indian farmers squeezed by a massive shortage of fertilizers are turning to the black market and paying exorbitant prices for supplies. The shortfall has led to a thriving market where subsidized crop nutrients are sold illegally at prices much higher than levels set by the government. Shady agents have been busy fielding requests from farmers who call them in desperate need.
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