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cn reported: Due to the normal monsoon, the agricultural input sector in India has maintained positive growth for two consecutive years
.
Despite the challenges during the COVID- 19 pandemic , the government has chosen to purchase high-priced goods at MSP ( Managed Service Provider) prices to further promote the demand for agricultural inputs .
It is predicted that, since 2020, will continue to be a normal monsoon season, so the Indian agricultural chemical products in fiscal year 2022 performance will be good
.
The agrochemical industry is expected to maintain double-digit growth
.
In addition, the increase in crop prices in the global market is expected to be a major boost for the 2022 fiscal year
.
.
The agrochemical industry is expected to maintain double-digit growth
.
In addition, the increase in crop prices in the global market is expected to be a major boost for the 2022 fiscal year
.
The fourth quarter of fiscal year 2021: despite the high base, the growth momentum continues
Thanks to the substantial increase in spring crop production, the pesticide company achieved high profits in the fourth quarter of fiscal 2021
.
.
The increase in government procurement led to a substantial increase in sales this quarter
.
Although the rise in raw material prices has led companies to raise prices on agricultural chemicals, the sales volume is still large
.
.
Although the rise in raw material prices has led companies to raise prices on agricultural chemicals, the sales volume is still large
.
With the normal monsoon season and the timely approach of the rainy season, the momentum of India's domestic agrochemical industry is expected to maintain growth
.
.
Rising crop prices increase profitability
India's agrochemical sector has also benefited from rising global crop prices
.
The increase in sales from companies in the industry also reflects this
.
.
The increase in sales from companies in the industry also reflects this
.
UPL reports that there has been a significant recovery in the entire European and North American markets
.
Under the premise of bumper spring crops, its domestic business maintained growth, with a year-on-year growth of 23%
.
.
Under the premise of bumper spring crops, its domestic business maintained growth, with a year-on-year growth of 23%
.
PI Industries' CSM business report shows that, driven by new products and existing product portfolios, a year-on-year increase of 47%
.
The order is $1.
5 billion
.
The management is still confident of achieving growth of more than 15% in fiscal year 2022
.
.
The order is $1.
5 billion
.
The management is still confident of achieving growth of more than 15% in fiscal year 2022
.
Sharda Cropchem (SCC) also announced a 36% year-on-year increase in transaction volume in the North American Free Trade Area and Europe
.
SCC is expected to benefit from rising prices of global agricultural products
.
.
SCC is expected to benefit from rising prices of global agricultural products
.
Rallis India also achieved a year-on-year growth of 36%, and exports increased by 72% year-on-year
.
Continued capital output and new product launches, as well as new CRAMS (contract development and manufacturing) contracts, have driven the growth of exports
.
Driven by active product launches, domestic business is also growing
.
The company has also refocused on expanding its distribution network
.
.
Continued capital output and new product launches, as well as new CRAMS (contract development and manufacturing) contracts, have driven the growth of exports
.
Driven by active product launches, domestic business is also growing
.
The company has also refocused on expanding its distribution network
.
