Fertiliser Stocks Fall In Early Trade After PM Modi Urges 50% Cut In Chemical Fertiliser Use

Fertiliser stocks fell sharply in early trade on Monday after Prime Minister Narendra Modi urged farmers to reduce chemical fertiliser usage by 50% amid rising concerns linked to the ongoing Middle East crisis.

The remarks triggered selling pressure across listed fertiliser companies as investors assessed the possible impact of lower chemical fertiliser consumption and a stronger push towards natural farming practices.

Among the major losers, Deepak Fertilisers and Petrochemicals Corporation Limited declined 3.06% intraday to ₹1,300 per share. At 1:47 pm, Deepak Fertilisers and Petrochemicals Corporation Limited’s shares were down 3.27%.

Other Fertiliser Stocks Witnessing Decline

Rashtriya Chemicals & Fertilisers Limited fell 2.61% to ₹127, while Fertilisers and Chemicals Travancore Limited dropped 2.19% to ₹886 apiece during the session. At 1:48 pm, Rashtriya Chemicals & Fertilisers Limited shares were down 2.86%, while Fertilisers and Chemicals Travancore Limited shares were down 2.01%.

Other fertiliser stocks witnessing a decline in early traded included:

• Coromandel International Limited

• Chambal Fertilisers and Chemicals Limited

Push For Natural Farming, Fuel Savings

Speaking about the need to conserve resources, Modi urged farmers to move towards natural farming practices to help improve soil health and lower import dependence. He also encouraged wider use of solar-powered irrigation pumps instead of diesel pumps in agriculture.

The Prime Minister additionally appealed to citizens to help conserve foreign exchange reserves by reducing fuel consumption and avoiding unnecessary foreign travel, overseas vacations and destination weddings abroad. He asked people to use metros and public transport wherever available and encouraged car-pooling when private vehicles are necessary.

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Import Dependence Remains Key Sector Concern

The government’s repeated focus on reducing imports and fuel usage comes at a time when volatility in global energy markets and geopolitical tensions in the Middle East have raised concerns around input costs and subsidy burdens.

Fertiliser companies remain closely linked to global raw material prices, especially for natural gas and imported chemicals used in nutrient production.

The sector has also seen rising policy attention over balanced nutrient usage, soil health management and alternative farming methods over the last few years.

Sources:

NDTV Profit

Moneycontrol