FACT, Paradeep Phosphates, other fertiliser shares surge on export hope and early monsoon

FACT, Paradeep Phosphates, other fertiliser stocks surge up to 12%.

Shares of fertiliser producers surged sharply on June 3, with Fertilisers and Chemicals Travancore (FACT) and Paradeep Phosphates rallying up to 15 percent, lifted by global developments and positive domestic cues.

Shares of FACT soared as much as 14.68 percent. buoyed by continued investor interest, extending the gains to second session. Paradeep Phosphates too advanced by over 4 percent to hit a fresh 52-week high, extending a three-day winning streak.

The broader rally in fertiliser counters came after the European Parliament recently backed a proposal to raise tariffs on fertilisers and other agricultural goods imported from Russia and Belarus by 50 percent, a move seen as an attempt to reduce European Union’s import dependency from these countries.

The prospect of reduced competition from Russian and Belarusian fertiliser exports is being seen as a positive for Indian producers, with the tariff hikes expected to redirect some global demand.

Closer home, optimism around a strong monsoon season also bolstered sentiment. The India Meteorological Department (IMD) has forecast above-normal rainfall for the 2025 monsoon season, critical for the farm sector, as it improves crop output and supports demand for fertilisers and other agri inputs.

Read More: Above normal monsoon to boost consumption and productivity in FY26: Govt sources

Among other gainers, National Fertilizers and Rashtriya Chemicals and Fertilizers rose between 8 to 10 percent during the session, tracking broad-based buying across fertiliser stocks.

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