Industry tailwind ahead 2024
- Low NBS Rates
- Oversupply and low demand in international market ( Low fertiliser prices in internationally )
- Indian government capping margin to 8-12% for P&K fertilizers
- Government promoting unprovan nano Urea, Nano DAP to save subsidy
- Bharat branding of all fertilisers
- China increase DAP exports and might lift ban after apr 2024 which will lead to lower prices
Disclosure : exited from Krishana Phoschem ( MBAPL sibling )
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