Most cos to face destocking pressure through 1QCY24: Kotak Institutional Equities report
The global agrochemical market is likely to experience a double-digit decline in revenues in CY2023. While prices of most post-patent active ingredients are believed to have bottomed out in 2QFY24, the anniversary effect of destocking is expected to be felt only 2QCY24 onwards.
Source: indiatimes.com