Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: Starrob Big funky green star, 20000 posts Old School Fool Ticker Guide Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46  
Subject: Fertiliser demand in India seen falling Date: 6/7/2012 2:57 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
"(Reuters) - Tata Chemicals (TTCH.NS) expects demand for some phosphate- and potassium-based fertilisers to fall by 15 to 20 percent this year as a weak rupee and lower government subsidy push up prices, a company official said.

Indian farms consumed 10.8 million tonnes of diammonium phosphate in the fiscal year that ended in March, while consumption of raw muriate of potash was 3 million tonnes, government data show.

"This year, the fertiliser (business) is certainly seeing pressure because of the depreciating rupee," said P.K. Ghose, chief financial officer at Tata Chemicals, which earns about half its revenue from fertilisers."


cont'd


http://in.reuters.com/article/2012/06/07/india-fertiliser-ta...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement