India’s fertiliser sector anticipates slower growth of 2-4% in FY25, a significant dip from last year’s 9%. This moderation stems from constrained diammonium phosphate (DAP) imports, impacted by China’s export restrictions and geopolitical tensions. While NPK fertiliser volumes are expected to rise, overall complex fertiliser expansion will be subdued, though a gradual recovery is foreseen.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets