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Fertiliser stocks surge after Russia assures India of energy, fertiliser supply
Fertiliser and chemical shares rose as FACT led gains up 14% to ₹896.5, after Russia told India it would keep energy and fertiliser deliveries uninterrupted during disruptions tied to the West Asia crisis.
Fertiliser stocks jumped across the Indian market on August 25 after Russia assured India of uninterrupted energy and fertiliser supplies, a move tied to higher confidence in steady inputs for farmers. LiveMint Markets said gains ranged from about 3% to 14%, with Fertilisers and Chemicals Travancore (FACT) leading up roughly 14% to ₹896.5 per share, while Basant Agro Tech rose 8% and Madras Fertilizers climbed 7%.
The assurance was delivered during a meeting between India’s External Affairs Minister S. Jaishankar and Russian President Vladimir Putin. Jaishankar, on a two-day visit to Russia, also co-chaired the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation, known as IRIGC-TEC, with First Deputy Prime Minister Denis Manturov.
The meetings come ahead of Putin’s expected visit to New Delhi for the BRICS leaders’ summit on September 12 to 13, and they were framed as part of broader efforts to deepen economic engagement. Jaishankar highlighted that the trade imbalance between the two countries widened from $6.6 billion to more than $50 billion, and he said progress on market access, tariff and non-tariff barriers, payment mechanisms, and business-to-business ties would be critical to reaching a shared $100 billion bilateral trade goal by 2030.
Russia has been a key fertiliser supplier to India, particularly for urea, and LiveMint Markets noted that India’s fertiliser imports from Russia increased by nearly 40% in 2025. The report said the latest assurance builds on fertiliser cooperation discussed during Putin’s December visit to New Delhi.