Fertiliser Volume Expected To Moderate Marginally In FY22 Despite 11% Decline, Erratic Monsoon: ICRA

Fertiliser Volume Expected To Moderate Marginally In FY22 Despite 11% Decline, Erratic Monsoon: ICRA

A worker looks on as a steel tank containing carbamide is heated at a plant. (Photographer: Andrey Rudakov/Bloomberg)

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ICRA Research Report

Overall rainfall remains at normal levels in the current South-West monsoon season; however, spatial distribution remains uneven with the East and the North-east regions facing shortfall of 13% whereas the south peninsula has received a surplus rainfall of 11%.

The reservoir levels across regions remain healthy which supports irrigation activity, thereby reducing adverse impact of uneven rainfall.

Despite erratic rainfall, overall kharif sowing has witnessed significant improvement in July 2021 with acreage in most of the crops at normal or higher levels and overall sowing expected to remain marginally lower than record 2020 levels.

Click on the attachment to read the full report:

ICRA Fertiliser Thematic-August 2021.pdf
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