ADVERTISEMENT
Fertilizer Shares Slump On Price Cuts, Coromandel International Worst Hit
05 Jul 2016, 05:04 PM IST 
Non-urea fertilizer prices have been reduced for the first time in last 15 years, the government said.
Shares of fertilizer manufacturers fell sharply on Tuesday, following the government's decision to cut retail prices of non-urea fertilizers yesterday. State-run fertilizer manufacturers cut the price of diammonium phosphate (DAP) by Rs 2,500 per tonne, while price of muriate of potash (MOP) was slashed by Rs 5,000 per tonne with immediate effect.
Shares of private fertilizer manufacturers, which have also agreed to bring down price...
