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India making efforts to adapt to crops, develop varieties that consumer less water, resist higher temp: Former WFP India director

Speaking to PTI before superannuating, Parajuli stressed on the "need to work with less to get more and adapt to change in temperature".

December 06, 2022 / 11:25 IST
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Fertilizer stocks have seen excellent movement in the last one year, infact couple of months back many of these stocks have touched their year high level on the expectations of good monsoon. But in the last few weeks many of these stocks have witnessed good amount of correction. Moneycontrol found 8 fertilizer stocks that have doubled the investors wealth in just last one year but in recent correction these stocks have fallen anywhere between 10 percent to 40 percent from their 52-week high. We considered only companies with market cap of over Rs 500 crore. (Data Source: ACE Equity). Gaurav Garg of CapitalVia Global believes the long-term outlook of this sector appears to be positive.
Fertilizer stocks have seen excellent movement in the last one year, infact couple of months back many of these stocks have touched their year high level on the expectations of good monsoon. But in the last few weeks many of these stocks have witnessed good amount of correction. Moneycontrol found 8 fertilizer stocks that have doubled the investors wealth in just last one year but in recent correction these stocks have fallen anywhere between 10 percent to 40 percent from their 52-week high. We considered only companies with market cap of over Rs 500 crore. (Data Source: ACE Equity). Gaurav Garg of CapitalVia Global believes the long-term outlook of this sector appears to be positive.

India is making efforts to adapt to crops and develop new varieties which take less water or have resistance to a higher temperature, but there is a need for intensification in view of the fast changing climate, former country director of United Nation's World Food Programme (WFP) Bishow Parajuli said.

Speaking to PTI before superannuating, Parajuli stressed on the "need to work with less to get more and adapt to change in temperature".

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"There have been discussions and efforts to adapt to crops and varieties and also constantly bring new varieties which take less water or have resistance to a higher temperature...efforts are also being made towards diversifying income," he said.

"I would say the intensification for India to work on this probably needs to speed up a little more, because we have seen that it is fast moving with climate change," he said.