Big increase in Indian fertilizer companies

Indian fertilizer manufacturer Rashtriya Chemicals and Fertilizers (RCF) recently announced that in the first quarter of fiscal year 2012-2013 (April 1 to June 30), the companyâ€™s net profit was US$1.175 million, which was a substantial increase from the same period of last year. %; Total revenue increased by 71% to $2.684 million.

The person in charge of RCF said that the sales of urea remained stable, similar to the level of the same period last year. However, due to the government's reduced subsidies for fertilizers and the impact of the climate, the consumption of diammonium and ammonium chloride has dropped dramatically in recent months. He believes that the company's diammonium and phosphorus potassium fertilizer sales will fall by 30% this fall, while urea sales will continue to maintain similar levels last year.

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