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"Horticulture production increased at record in 2020-21"

Latest News

Horticultural production greatest ever of 329.86mt in 2020-21, 2.93% increase

"Punjab Govt waives farm debt loans"

Agri Credit

Punjab Govt waives farm debt loans of ₹ 590cr for laborers and landless farmers

"import of oil dropped by 20%"

Latest News

Imports of edible oil fell by 20% in June, owing to increased inventory in the country

"Indian agri sector growth-CEA"

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Indian agri industry lack of competitiveness but prepared for major growth-CEA

"Post harvest transformation PM Modi"

Latest News

PM Modi says the Agri industry requires a post-harvest transformation

India prohibiting tur dall imports from Myanmar

Latest News

With India prohibiting tur imports from Myanmar, they find China market is best

"The 48,000-crore Agro inputs sector is expected to show ‘positive' revenue growth in the first quarter of the current fiscal year. Strong demand for agrochemical products in both domestic and overseas markets is one of the main reasons why industry analysts predict positive growth in the first quarter. According to Varshit Shah, an analyst with research firm Emkay Globa, 'strong demand in the export industry and increased global commodity prices will support revenue growth in the quarter.' In a survey of the enterprises covered by the firm, he stated that all agrochemical companies passed on the impact of increasing raw material prices to customers in the third quarter. “We anticipate 10.8 percent year-on-year growth for agrochemical firms in our coverage,” he said. The growth that is positive However, Insecticides (India) Limited Managing Director Rajesh Aggarwal believes that the industry will struggle to reach double-digit growth in the third quarter. 'It will be a difficult first quarter for the industry to achieve it, but I can predict that it will be a positive first quarter. Agro-chemical products are in high demand in both domestic and foreign markets,' he stated. The first quarter, according to Kalyan Goswami, Director-General of the Agro Chem Federation of India (ACFI), could be an 'average quarter' for the business. 'Sales and consumption have failed to take up as a result of previous advance sales and a delayed rainfall. We anticipate a pick-up in precipitation in the second week of July, stimulating demand in the second quarter,' he added. 'We are certain that the current Kharif season will show an increase in sales and consumption of agricultural inputs,' he said. Difficulties The Emkay Global report, on the other hand, highlighted a few critical issues that must be properly monitored. 'Freight costs continued to rise as a result of container shortages and a backlog of clearance as a result of the Suez Canal blockage,' it stated. 'The major items to watch for in first-quarter earnings are freight cost stabilization, cooling off in critical intermediates and other raw materials, and likely pricing increases to compensate for growing packaging and freight costs,' it said."

Latest News

Agro Chemical sector expected to show ‘positive’ revenue growth in first quarter

"Chinese Farmers grow Maize"

Latest News

China Farmers abandoning other crops in favour of maize due to high profit margins

"Maharastra farm bills"

Maharashtra introduces three Farm Bills in response to Center’s new farm laws