Agrochem players to benefit from:
a) better Rabi; reservoir levels ~40% above long period average in all key Agri states; despite a delayed start Rabi acreage sowing (537 mn hectare) has caught-up & is in-line with long period average
b) improving farm economics; sharp rebound in rural inflation to >5% (levels last seen couple of years ago); insurance cover on damaged Kharif crops has aided Rabi spend and
c) softening in China raw material (RM) costs;
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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