Agro-Chemicals, Chemicals, Sugar - Q3 Earning Preview: Dolat Capital
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Dolat Capital Report
Prices of agriculture commodities and demand for agricultural inputs – seeds, fertilizers and crop protection chemicals are at the helm of the demand curve in the prevailing Covid-19 turmoil. Farm incomes across the globe have been firm by the virtue of strong commodity prices.
The global shop-floor of chemical manufacturing – China, continues to penalise companies divergent from environmental norms. Ironically though, China’s PMI index rose from 51.4 in October to 52.1 in November (the highest in three years).
Indian Sugar Mills Association forecasts sugar production to move north of 30 million tonnes for 2020-21 sugar season.
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