Crisil Ratings: Fertiliser Sector See Slow Volume Growth In FY26 | Geopolitical & Import Headwinds!　 #ETNOW

Crisil Ratings projects complex fertiliser volume growth at just 2–4% this year, down from last year’s 9%, citing key supply constraints in imported diammonium phosphate (DAP) due to geopolitical disruptions and China’s export restrictions. NPK fertilisers may grow modestly, keeping the product mix at 60–40 this fiscal. Crisil also sees easing DAP supply in the medium term, with potential improvement in availability from China and Saudi agreements.

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