Good monsoons to boost ago-chemical space; like Monsanto, Escorts: Experts

Focusing on the agri space ahead of the Motilal Oswal 13th annual global investor conference on Monday, CNBC-TV18 spoke to Niket Shah, VP-Research, Motilal Oswal Institutional Equities and Mayank Singhal, MD & CEO, PI Industries for the outlook on the rural sector and business outlook going forward.

Singhal said the business outlook going forward looks good.

Shah said the agri space needs to be bifurcated into three segments – seeds, agro chemcials and fertilisers. After two years of good monsoons, agro chemicals will do well over next 2-3 years.

With regards to seeds one needs to understand crop patterns- last year cotton did well, this year expect corn to do well, said Shah. So likely company like Monsanto will do well. The house is also upbeat on Escorts over a period of 3-5 years.

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