The country's fertiliser imports rose by 3.9 per cent to 19.04 lakh tonnes in January this year compared to the year-ago period, according to the Fertiliser Ministry data. The country imported 18.33 lakh tonnes of fertilisers during January 2022. According to the latest data, of the total imports of 19.04 lakh tonne, 10.65 lakh tonnes of urea, 5.62 lakh tonnes of Di-ammonium Phosphate (DAP), 1.14 lakh tonnes of Muriate of Potash (MoP) and 1.63 lakh tonnes of complexes were imported. In the same month of the previous year, the country imported 12.48 lakh tonnes of urea, 2.45 lakh tonnes of DAP and 3.40 lakh tonnes of MoP. The quantity of MoP was for both agriculture and industrial use. The domestic fertiliser production during January this year also rose to 39.14 lakh tonnes when compared with 32.16 lakh tonnes in the year-ago period, the data showed. In the international market, there has been a falling trend in fertiliser prices. Urea prices (freight on board) showed a decline o
The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns.
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The fall in global fertiliser and natural gas prices are likely to bring respite to fertiliser companies. But Russian export duty on fertiliser may have a trickle-down impact on the Indian industry
Single superphosphate to be included in 'One Nation, One Fertiliser' scheme in the next few months
Both parties plan to execute the formal agreement before the close of this calendar year and the supply arrangement comes into effect from 1st April 2023.
Stocks to Watch on Tuesday: Government may look to privatise PSU fertiliser companies; Adani Group in an attempt to allay fears of being overleveraged, said the firms have reduced debt over the years.
Going forward, higher Agri commodity prices, Government agriculture focus, the expectation of a normal monsoon and higher reservoir levels bodes well for agriculture.
Notwithstanding soaring input costs and supply snags, market has been bullish on fertiliser companies, thanks to the govt's subsidy support. But why are analysts cautious on fertiliser companies?
Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.
Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.
Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today
With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels
Edelweiss Securities expects earnings momentum in the sector is likely to accelerate in Q3FY21 driven by good start to Rabi along with a healthy cash flow position of farmers
FACT and Madras Fertilizers shares were trading at their 52-week highs today
Shares buck the market trend, advance between 3 to 8 per cent on Thursday
Rallis India, Coromandel International and RCF were up in the range of 2 per cent to 4 per cent.
Rashtriya Chemicals & Fertilizers (RCF) surged as much as 18 per cent to hit a high of Rs 79.85 apiece on the BSE in intra-day trade.