Fertilizer stocks gain up to 4% as Budget targets agri-productivity boost

Fertiliser stocks got a push in Saturday's special session after Finance Minister Nirmala Sitharam announced a slew of measures for agri-productivity boost in the Union Budget 2025. The FM announced measures for improving crop diversification, irrigation infra together with farmer income.

Also, the FM announced many other measures that would aid in boosting rural consumption.

Moreover, the budget announced the setting up of a plant with 12.7 lakh MT annual capacity in Assam to increase urea production for the fertiliser industry.

Post these announcement stocks like Madras Fertilisers, Chambhal Fertilisers, Fertilisers and Chemicals Travancore (FACT), Chambal Fertilisers and Chemicals, Deepak Fertilisers rose up to 4 per cent.

As part of its agriculture plan laid down in the Budget 2025, the FM announced PM Dhan Dhanya Krishi Yojana which is expected to enhance agri productivity. The scheme will cover as many as 100 districts and aims to include crop diversification, augmenting storage, improving irrigation, and facilitating long and short-term credit for farmers.

The scheme will cover as many as 100 districts and aims to include crop diversification, augmenting storage, improving irrigation, and facilitating long and short-term credit for farmers.

Presenting her record eighth consecutive budget, she also said that the scheme would benefit 1.7 crore farmers. She added the government will launch a rural prosperity, and resilience programme focusing on youth, women and farmers.Nafed (National Agricultural Cooperative Marketing Federation of India) and NCCF will procure pulses in the next four years.

The government will also roll out a 6-year programme for Atmanirbharta in pulses with a special focus on tur, urad, and masoor.A comprehensive programme for raising vegetables, fruit production, and providing remunerative prices will also be launched, Sitharaman said.President Droupadi Murmu on Friday said the government is working towards modernisation and self-reliance in the agriculture sector while focusing on boosting farmers' income.Addressing the joint sitting of Parliament at the start of the Budget Session, Murmu highlighted that India achieved a record foodgrain production of 332 million tonnes in 2023-24.