FACT SHARES RALLY AFTER ASSURANCE OF FERTILISER SUPPLIES

Shares of fertiliser company

have rallied after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the ongoing West Asia crisis. The announcement came after External Affairs Minister S Jaishankar met President Vladimir Putin and held talks with his key interlocutors. This move comes as a positive development for the agriculture sector. Market cheered the assurance of uninterrupted fertilizer supplies, as its eases concerns about supply disruptions due to geopolitical tensions. India is one of the world's largest consumers of urea and any prolonged disruption in production could affect fertiliser availability ahead of the crucial kharif sowing season.