Elara Securities’ Prashant Biyani said fertiliser availability in India remains comfortable ahead of the kharif season, with sufficient closing stocks of urea and phosphate fertilisers. As of mid-February, urea inventory stood at about 4.1 million tonne, equal to nearly two and a half months of consumption, which should help manage any gas supply disruption. Biyani expects sales to remain steady due to farmer pre-buying, though minor logistical disruptions may occur. He remains structurally positive on Coromandel and Paradeep Phosphates.
