Chemicals Q3 Preview: Multiple Factors To Boost Crop Protection Chemical/Fertilizer Demand, Says Nirmal Bang
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Nirmal Bang Report
Our coverage universe chemical sector Q3 FY21 earnings are likely to be supported by healthy soil moisture and water storage levels in key reservoirs, which augur well for Rabi crop prospects and crop protection chemical/fertilizer demand.
The positive view on CPC is based on expectations of some initial demand and pre-buying for the January-March 2021 season when Rabi crops peak.
The sharp increase in global crop prices (including soyabean) to record highs and healthy agri product demand (especially for corn and soya from China) are likely to boost exports for our CPC universe.
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