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LATEST NEWS UPDATES | A timely start to rains matters more to agrochemical firms than quantity -R Sree Ram

A timely start to rains matters more to agrochemical firms than quantity -R Sree Ram

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published Published on May 2, 2015   modified Modified on May 2, 2015
-Livemint.com

Delayed or erratic rains typically impact sowing and make farmers miss the application of agrochemicals, which the companies dread the most

Stocks of agrochemical firms have reacted uncertainly after the forecast of below-par monsoon by the India Meteorological Department. While Insecticides (India) Ltd and Dhanuka Agritech Ltd have held up well, gaining 1-4%, Rallis India and Excel Crop Care Ltd lost 2-3%.

The mixed mood stems from the fact that the amount of rainfall based on averages has limited influence on the demand for agricultural inputs. For the agriculture sector, what is more important is a timely onset and even distribution of rains that set farming activity into motion. Delayed or erratic rains typically impact sowing and make farmers miss the application of agrochemicals, which the companies dread the most.

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Livemint.com, 30 April, 2015, http://www.livemint.com/Money/Hg5F9spakiBoRuPtW5O4MI/A-timely-start-to-rains-matters-more-to-agrochemical-firms-t.html


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