Agrochemical companies are adopting a cautious approach as they confront several challenges in both domestic and international markets. However, some recent developments, including the International Grain Council (IGC) raising its grain production outlook and increasing minimum support prices (MSP) on some crops in India, offer some positives for the sector.
Nevertheless, in the near term, heightened competition for generic agrochemical manufacturers from China and declining prices of raw material intermediates are keeping the earnings outlook subdued.
Falling global crop prices, higher channel inventories, and a delayed monsoon, besides uncertainties around the distribution of rainfall, are among key concerns for the sector, according to analysts.
この記事は Mint Mumbai の June 16, 2023 版に掲載されています。
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