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India boosts Urea output 12%, but sales stagnant
The Business Guardian
|February 13, 2024
India's urea production increase of over 12% during the first nine months of the current financial year (FY24), according to data sourced from industry insiders. Despite this surge in production, urea imports have seen a slight decrease compared to the previous year, while sales have remained relatively stagnant.
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Industry experts suggest that the uptick in urea production amidst stable sales could potentially result in surplus supplies in the upcoming months. With production levels rising and imports maintaining a healthy pace, stakeholders anticipate a favourable supply-demand scenario in the near future.
Dit verhaal komt uit de February 13, 2024-editie van The Business Guardian.
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