India Reduces Kharif Fertilizer Demand Projections Amid Weak Monsoon Forecast
The Indian government has revised its fertilizer demand estimates downward for the upcoming Kharif season due to forecasts of below-normal monsoon rainfall. Urea demand is now projected at 190 lakh tonnes, decreasing from the previous estimate of 194 lakh tonnes, while the demand for Diammonium Phosphate has also been lowered to 60 lakh tonnes. Despite the anticipated impact on agricultural inputs, officials have reassured the public that the country maintains sufficient buffer stocks of essential commodities, including rice, wheat, and pulses, to meet domestic consumption requirements throughout the season.
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