According to a U.S. National Weather Service bulletin. Central and southwestern Florida, including Tampa, are expecting “life-threatening storm surge, damaging winds, and flooding rains.
The hurricane is expected to hit many phosphate mines in Florida. Tampa Bay is home to up to 42 percent of the United States ammonium phosphate, 32 percent of its phosphate rock, and half of its wet-processed phosphoric acid manufacturing capability. Port Tampa Bay handles about 40 percent of all US phosphate fertiliser exports and 27 percent of overall fertiliser exports.
The price of urea fertilizer has spiked at the Gulf of Mexico as Hurricane Milton bears down on Florida, This surge is attributed to supply chain disruptions caused by the hurricane, which poses significant risks to the agricultural sector and Florida’s fertilizer exports are part of the larger U.S. exports and Florida is currently ranked as the sixth largest exporter of fertilizer in the United States, with notable exports of mineral or chemical fertilizers, which amounted to approximately $1.65 billion in 2023.
India being often ranked as one the leading or the third largest exporter of fertilizers in the world, and the domestic manufacturers may benefit from the ongoing conditions. Listed below are some of the Indian companies engaged in manufacturing fertilizers and their associated resources.
Rashtriya Chemicals & Fertilizers
Rashtriya Chemicals & Fertilizers Limited is engaged in the business of manufacturing, supplying, and, marketing industrial chemicals and fertilizers like urea, bio-fertilizers, soil conditioners, and many more.
With a market capitalisation of Rs. 10,098 Crores, the shares of Rashtriya Chemicals & Fertilizers Limited were trading at Rs. 182.75 per equity share, up 7 percent from its previous day’s close price of Rs. 171.
Fertilizers & Chemicals Travancore
Fertilizers & Chemicals Travancore is a chemicals and fertilizers manufacturer, its main products include Ammonia, Sulphuric acid, Ammonium Phosphate – sulphate, Ammonium sulphate etc and some of the major by-products are Gypsum, Nitric acid, soda ash etc
With a market capitalisation of Rs. 60,045 Crores, the shares of Rashtriya Chemicals & Fertilizers Limited were trading at Rs. 928 per equity share, up 5 percent from its previous day’s close price of Rs. 885.55.
Gujarat State Fertilizers & Chemicals
Gujarat State Fertilizers & Chemicals Limited is an Indian fertilizers and chemical manufacturer owned by the government of Gujarat, It is engaged in manufacturing of a wide range of fertilizers and industrial products like plastics & synthetic rubbers and man-made fibres.
With a market capitalisation of Rs. 8,592 Crores, the shares of Gujarat State Fertilizers & Chemicals Limited were trading at Rs. 215.60 per equity share, up 2 percent from its previous day’s close price of Rs. 211.95.
Gujarat Narmada Valley Fertilizers & Chemicals
Gujarat Narmada Valley Fertilizers & Chemicals is a major producer of urea and nitrophosphate fertilizers, neem-based products and industrial chemicals such as methanol, formic acid, nitric acid etc.
With a market capitalisation of Rs. 9,566 Crores, the shares of Gujarat Narmada Valley Fertilizers & Chemicals Limited were trading at Rs. 651 per equity share, up 1 percent from its previous day’s close price of Rs. 648.25.
Paradeep Phosphates
Paradeep Phosphates Limited is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as Diammonium Phosphate, several grades of nitrogen, phosphorus, and potassium, Zypmite and by-product, Phospho- gypsum, and Sulphuric Acid, Ammonia and Phosphoric acid.
With a market capitalisation of Rs. 7,250 Crores, the shares of Paradeep Phosphates Limited were trading at Rs. 88.97 per equity share, up 2.5 percent from its previous day’s close price of Rs. 87.05.
National Fertilizers
National Fertilizers Limited is engaged in the production and marketing of Neem Coated Urea, Bio-Fertilizers and other allied Industrial products, along with trading of Imported and Domestic Fertilizers, Compost, Seeds and other Agro products.
With a market capitalisation of Rs. 6,052 Crores, the shares of National Fertilizers Limited were trading at Rs. 123.35 per equity share, up 3.5 percent from its previous day’s close price of Rs. 119.30.
Written by: Bharath K.S
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