Domestic sales of complex fertilisers in India are expected to grow by 4-5% in fiscal year 2025, driven by a normal monsoon and stable retail prices, according to a report by CRISIL. The growth rate for these fertilizers was 7-8% in fiscal year 2024, but the operating profitability of fertiliser makers is expected to decline by 30-35% this fiscal year. The report predicts that profitability will rebound next fiscal year due to stable raw material prices and revised nutrient-based subsidy rates.
GEORGE TOWN: A police report has been lodged after Chinese New Year billboards and a banner featuring the faces of three DAP state leaders were vandalised.
Fertilisers minister Mansukh Mandaviya, amid the ongoing massive farmers’ agitation, says India is ushering in a second green revolution with alternative fertilisers such as nano-urea, among other initiatives. And that the government is conducting awareness programmes to get farmers to adapt.