Data● Neutral for Indian equities
Diammonium phosphate stockpile healthy ahead of rabi sowing season
The brief
- DAP stocks are 17% higher year-on-year ahead of rabi sowing
- Higher import and raw material costs could push up India's fertiliser subsidy bill
- Higher input costs may raise subsidy pressure and weigh on fertiliser makers such as Chambal Fertilisers
- Fertilisers have gone through the roof; no country can sustain buying at this level: FM Sitharaman
- Fertiliser prices, Hormuz disruption threaten global food security: Nirmala Sitharaman
- India's Drought Risk: Which Stocks Could Feel The Impact Of A Weak Monsoon And Rural Demand Shock?
- India’s fertiliser subsidy may exceed ₹3 lakh crore in the current fiscal
- Jaishankar Warns Of 'Major Food Crisis' In Coming Months Amid Disrupted Grain Shipments, Fertilizers Shortage, Super El Nino