ICRA Fertilizer Industry Report Q3 2025 Predicts Stable Outlook for FY 2026
New Delhi, November 2025:The latest ICRA Fertilizer Industry Report Q3 2025 projects a stable outlook for India’s fertilizer sector in FY 2026, supported by higher nutrient-based subsidy (NBS) rates for phosphate and sulphur. However, DAP imports will continue to be loss-making due to elevated international prices and inadequate subsidy coverage. Read more