Agri Inputs Company MD Cites Budget Shortfall for Fertilizer Purchase Issues
Summary
Agricultural Inputs Company Limited's Managing Director Bishnu Prasad Pokharel highlighted the budget shortfall that hindered fertilizer purchases this year, warning of a potential fertilizer crisis if sufficient funds are not allocated next fiscal year.
Key Points
- Managing Director Bishnu Prasad Pokharel stated insufficient budget caused inability to purchase planned amounts of chemical fertilizer.
- The company purchased 359,100 metric tons against a plan of 550,000 metric tons due to budget and international price hikes.
- Current fertilizer stock will last only until early mid-July (Asar/Shrawan).
- Pokharel urged for a budget over 50 billion rupees for fertilizer procurement and recommended revising trade and transit agreements with India and expanding rail transport facilities.
