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Fertilizer stocks on a roll. Here s why
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Rashtriya Chemicals & Fertilisers gained 10 per cent to Rs 87.95. FACT and Madras Fertilizers advanced 9 per cent to Rs 146.70 and Rs 33.75, respectively.
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New Delhi: Shares of domestic fertilizer producers were on a roll on Friday as China asked some key fertiliser firms to suspend exports to the world.
According to Reuters, some of China s key fertilizer companies said they would temporarily suspend exports to assure supply in the domestic market.
The decision has been taken after the statement on the website of the National Development and Reform Commission (NDRC) on Friday.
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