Indian fertilizer stocks rise after report of China lifts export curbs

Madras Fertilizers

19/08/2025 07:03

** Shares of Indian fertilizer firms climb on report China lifts export curbs on fertilizers, rare-earths, and tunnel boring machines

** China's foreign minister assured his Indian counterpart on Monday that Beijing already began addressing requests on the three items, the Economic Times reports

** Some shipments are already underway, ET reported, citing people aware of the matter

** Paradeep Phosphates PRAO.NS and Fertilisers and Chemicals Travancore FCTL.NS top gainers, rising 5.34% and 4.2%, respectively

** Chambal Fertilizers CHMB.NS and Rashtriya Chemicals RSTC.NS up 3.5% and 3.3%, respectively

** Shares of Madras Fertilizers MDFT.NS rise 2.4%

** China, which supplies around 90% of the world's rare-earths magnets, imposed the export ban in April

** YTD, PRAO gains most, with an ~85% jump; while RSTC is the biggest laggard, down 14%

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))