Care Ratings: Indian Fertilizer Industry Update - December 2020  
A farmer prepares a tank of fertilizer for tobacco fields (Photographer Nicolo Filippo Rosso/Bloomberg)

Care Ratings: Indian Fertilizer Industry Update - December 2020  

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

Overall fertilizers production has increased by 4.1% during seven months FY21 after registering a growth of 2.6% during seven months-FY20. On a monthly basis, production increased by 6.3% during October 2020.

The country witnessed an on-time arrival of Southwest monsoon, followed by a quick spread across the region which has resulted in higher sowing thus augmenting the sales of fertilizers which has led to an increase in production.

Increase in production can also be ascribed to restocking activities undertaken by the manufacturers in order to keep up with the sharp increase fertilizer sales witnessed during the year.

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Care Ratings Fertilizer Industry Update December 2020.pdf

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