Fertiliser Industry to Experience Cautious Growth in FY15-16

摘要

Mumbai, India: In the current financial year, the volume growth of the fertiliser industry is cautious because of having a weak monsoon but the reduction in the domestic gas prices for urea is a positive step for the industry. The fertiliser industry report by ICRA stated that the sowing level was good as a result of the early monsoon but the rainfall in the latter part of the monsoon season was not encouraging. Due to the low monsoon rainfall, at the end of August 2015, system inventory levels of non-urea fertilisers had reached a five-year high. As a result of all this, there will be moderation in the fertiliser volumes.