Slowdown Emerges for Indian Agrichemical Firms in Key Export Markets

Major Indian agrichemical companies have suffered a slowdown in growth in key export markets like Latin America and North America during the first half of the current fiscal owing to unfavorable commodity markets there, reports Ashish Kulshrestha on The Economic Times website. This has dampened the Indian agrichemical industry’s overall performance, which had picked up due to a near normal South-West monsoon.

While some firms saw reduced growth in export revenues, some others suffered a decline in export revenues. Analysts and industry representatives point out that these American markets were growing at a healthy rate of 1522% year-on-year for major Indian agrichemical companies till last fiscal.

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They saw subdued business during the first half owing to low commodity prices, harsh weather conditions, and higher channel inventory in these export markets.

Read more at EconomicTimes.Indiatimes.com.

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