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India-China Trade Thaw: China Reportedly Lifts Curb On Fertilizers, Rare Earth Minerals Ahead Of PM Modi’s Visit
India had raised strong concerns after sudden fertilizer curbs disrupted the supply of Di-Ammonium Phosphate (DAP) ahead of the Rabi season (winter cropping).
Stocktwits·2mo ago
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Fertiliser stocks soar as Sitharaman unveils new 12.7 L metric ton urea plant in Namrup
Guwahati, Feb 1: In a major announcement during the Union Budget 2025 for Assam, Finance Minister Nirmala Sitharaman, on Saturday, revealed plans for a new urea plant in the premises of Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) in Namrup with a capacity of 12.7 lakh metric tons per year. The new plant is part of a broader push to strengthen the agriculture sector, with Sitharaman also outlining initiatives to improve crop diversification, irrigation infrastructure, and farmer income. The announcement sparked a significant rally in the fertilizer sector, with shares of fertilizer companies rising as much as 4%, as investors reacted positively to the supportive measures for agriculture included in the Budget. Madras Fertilizers climbed by 4.01%, while Paradeep Phosphates saw a 4.08% gain. FACT experienced a notable surge of 3.66%, and National Fertilizers rose by 3.31%. Rashtriya Chemicals and Fertilizers (RCF) also posted a gain of 1.59%. This latest development builds upon earlier efforts to boost the fertilizer sector in Assam.
cityfalcon.com·8mo ago
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3 fertiliser stocks gain over 20% in 1 month as high-frequency trading firms drive up volumes
The heightened activity in fertiliser stocks also comes ahead of Union Budget 2024. This is a general trend as the buzz around fertiliser subsidy gets stronger ahead of Budget.
Moneycontrol·2y ago

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