"It has been decided that in the present circumstances there shall be no immediate increase in prices of fertilisers," Mansukh Mandaviya, the junior minister responsible for chemicals and fertilisers, said in a statement after a meeting with producers.

Fertiliser companies this week raised prices by more than a third after of potash and phosphate prices jumped in the global market.

(Reporting by Rajendra Jadhav and Rupam Jain; Editing by David Goodman)