Now Reading: Fertiliser stocks rally up to 14% after Russia supply assurance
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Fertiliser stocks rally up to 14% after Russia supply assurance
Fertiliser stocks rally up to 14% after Russia supply assurance
Fertiliser stocks rose up to 14% on August 25 after Russia assured India of uninterrupted energy and fertiliser supplies. Fertilisers and Chemicals Travancore led the gains, climbing 14% to Rs 896.50. Basant…
Fertiliser stocks rose up to 14% on August 25 after Russia assured India of uninterrupted energy and fertiliser supplies. Fertilisers and Chemicals Travancore led the gains, climbing 14% to Rs 896.50. Basant Agro Tech rose 8%, while Madras Fertilizers gained 7%.
Rashtriya Chemicals and Fertilizers advanced 5% to Rs 125. National Fertilizers and Rama Phosphates gained 3.5% and 3%, respectively. The assurance came during External Affairs Minister S. Jaishankar’s meeting with Russian President Vladimir Putin.
Jaishankar also raised India’s trade imbalance with Russia, which he said had widened from $6.6 billion to over $50 billion. Both sides discussed market access, payment systems and a target of $100 billion in bilateral trade by 2030. Putin is expected in New Delhi for the BRICS summit on September 12 and 13.
Indian Opinion Analysis
Fertiliser companies are closely linked to government policy because retail prices and farm affordability depend heavily on subsidies and imported inputs. A reliable overseas supply can reduce procurement uncertainty, but it does not by itself guarantee higher profits for listed producers. Their earnings also depend on input costs, domestic production, subsidy payments and quarterly demand. The next concrete signal will come from company results and any government decision affecting fertiliser subsidy allocations.
Source: livemint.com
This story was synthesised by AI from the source linked above.
