Fertilizer stocks have been in the limelight as fertilizers prices have skyrocketed owing to the Russia-Ukraine war. According to a Business Standard report, fertilizer sales, especially of Muriate of Potash (MoP), have been severely impacted.
The sale of Muriate of Potash (MoP) has declined 39 per cent from pre-pandemic levels and 48 per cent, when compared to the previous year season, because farmers shunned this vital crop nutrient in favour of urea, di-ammonia phosphate and NPKS (sodium, phosphorus, potassium, and sulphur) because of high prices. READ MORE
Separately, the shares may remain on investors' radar ahead of the presentation of the Union Budget for financial year 2023-24 as it comes under the all-important agriculture sector.