The fertilizers market in India is expected to reach a market value of USD XX in 2022 from USD 27.1 billion in 2016.
INDIAN FERTILIZER INDUSTRY AT A GLANCE IN 2016 - 2017
Despite normal monsoons, fertiliser sales volumes in India fell by 3% YoY during H1 FY2017 to 27.77 MMT from 28.48 MMT during H1 FY2016. Urea sales were lower by 7% to 14.4 MMT in H1 FY2017 due to implementation of 100% neem-coating of urea which has curbed black marketing.
P&K fertiliser sales volumes grew by 3% to 13.37 MMT during H1 FY2017 vis-a-vis H1 FY2016. The P&K sales volumes picked up on account of the normal monsoons, leading to clearance of systemic inventory levels and a drop in farm gate prices in Q2 FY2017. Overall sales volumes during Q2 FY2017 have been significantly higher as compared to Q1 FY2017, and marginally higher than the Q2 FY2016 volumes.
The fertilizers market in India is expected to reach a market value of USD XX in 2022 from USD 27.1 billion in 2016.
The fertilizers market in India is expected to reach a market value of USD XX in 2022 from USD 27.1 billion in 2016.