Shares of fertilisers companies surge on hopes that the demand for fertilizers will be higher during the current financial year 2012-13 on the back of normal monsoon forecast by the MET department.
On the BSE at 1.58 pm, Fertilizers & Chemicals Travancore up by 3.81%, National Fertilisers up by 2.98%, Rashtriya Chemicals and Fertilisers up by 2.54% and Zuari Industries up by 1.21%.
“Retail prices of fertilisers, which have stabilised since third quarter of 2011-12 fiscal, are expected to remain stable in 2012-13, Minister of State for Chemicals and Fertilisers Srikant Jena said in a written reply to the Rajya Sabha, as per the reports.
“The demand for fertilisers is on the rise and is expected to be 61.27 million tonne in 2012-13, up 4% over last year,” added report.
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On the BSE at 1.58 pm, Fertilizers & Chemicals Travancore up by 3.81%, National Fertilisers up by 2.98%, Rashtriya Chemicals and Fertilisers up by 2.54% and Zuari Industries up by 1.21%.
“Retail prices of fertilisers, which have stabilised since third quarter of 2011-12 fiscal, are expected to remain stable in 2012-13, Minister of State for Chemicals and Fertilisers Srikant Jena said in a written reply to the Rajya Sabha, as per the reports.
“The demand for fertilisers is on the rise and is expected to be 61.27 million tonne in 2012-13, up 4% over last year,” added report.
....more info