Diversified fertiliser sourcing allows India to increase urea imports from China and other suppliers if disruptions emerge, he told Moneycontrol in an interview.
Food Inflation continues to be a worry but is expected to ease in March-April with the arrival of new crop, says Ramesh Chand of Niti Aayog. He adds that while Urad dal production fall to a 10-year low in FY 25 is a concern, production of other pulses will be better.
The NITI Aayog member believes that given better rainfall prospects this year, food inflation may also cool down, but with a lag.
Chand admitted that India cannot insulate itself from rising global food prices and can only take steps to moderate its effect locally.
KS Oils touched a 52-week low of Rs 7.90. At 14:15 hrs the share was quoting at Rs 8.15, down Rs 0.45, or 5.23%. The comapny's promoter Ramesh Chand stake has come down to 8.23% versus 11.28%, reports CNBC-TV18.