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China Production Cuts To Keep Sharda Cropchem Margins Under Pressure
Inventory days for Sharda Cropchem increased due to production cuts in China, says the company’s chairman.
08 Dec 2017, 02:54 PM IST 
A farm worker sprays cotton plants with pesticides on the farm of Jarnail Singh in Jajjal village, Punjab, India (Photographer: Prashanth Vishwanathan/Bloomberg)
High raw material prices arising from production cuts in China would keep Sharda Cropchem Ltd.’s margins under pressure for the next 2-3 months, its Chairman and Managing Director RV Bubna told BloombergQuint.
This will also lead to increased inventory days for the Mumbai-based agricultural chemicals firm, as delay in raw material supply would in turn lead to supply delays, he said. Bubna hopes the second half of the financial year to March 2018 will be better than the first.
Watch the full interview here: