The government has approved a ₹41,534 crore subsidy for Phosphatic and Potassic (P&K) fertilisers for the upcoming 2025-26 kharif season.
Shares of fertiliser companies jumped up to 5 per cent on Wednesday after US President Donald Trump agreed to a temporary two-week ceasefire with Iran
US-Iran war impact: West Asian nations are key suppliers of major fertilisers as well as raw materials for fertiliser manufacturing like sulphur, ammonia etc.
According to Kotak Institutional Securities, prolonged unrest in West Asia could not only push up input costs for Indian chemical companies but also have an impact on export revenues