India: Agrochem Companies Hope for Higher Growth in Q3

Agrochemical firms hope for a better performance in the third quarter of this financial year than in the previous two quarters due to good rainfall ahead of the rabi season and a significant improvement in overall crop acreage across the country.

Introduction of new products by agrochemical companies is expected to further boost sales, said industry executives and sectoral experts. The previous two quarters were marred by destocking due to the goods and services tax (GST) and uneven rainfall in many parts of the country.

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