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UPL, Rallis shares fall on government's draft order to ban select insecticides
May. 20, 2020
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Shares of UPL were among the big losers on Tuesday after the Centre issued a draft order to prohibit use of certain insecticides, citing risk to humans and animals. The stock fell 5.5 percent to Rs 355 per share.
The industry and individual companies have been given 45 days to get back with their suggestions.
The development is negative for UPL as some of its major products like acephate, monocroptophus fall in the list. The list also includes insecticides like chloropyrifos, mancozeb, which are part of UPL’s portfolio.
Rallis shares too were under pressure, down 2 percent to Rs 203 per share, as it is a major producer of acephate, which figures in the draft order.
Atul shares were down 4 percent to Rs 4,333 per share. The company makes 2,4-D, also part of the government list.
In the previous two Budgets, the government has focused on zero Budget farming, which means farming with no use of chemical fertilisers.
Insecticides prohibited:
Acephate
Altrazine
Benfuracarb
Butachkor
Captan
Carbendezim
Carbofuram
Chlorpyriphos
2,4D
Deltamethrin
Dicofol
Dimethoate
Dinocap
Diuron
Malathion
Mancozeb
Methomyl
Monocrotophos
Oxyfluorfen
Pendimethalin
Quinalphos
Sulfosulfuron
Thiram
Thiophanat emethyl
Thiodicarb
Zineb
Zirab
[ Survey ]
India Govt shock the global agrochemical market, what's your view on one top product: Mancozeb?
The India Ministry of Agriculture and Farmers Welfare issued a draft order recently banning 27 pesticides and has given 45 days for the industry and companies manufacturing such chemicals to file their objections, if any.
Refer the link for the list of these 27 products: http://news.agropages.com/News/NewsDetail---35307.htm
We invite the importers and distributors of Mancozeb to participate in the survey. Those who complete the survey will receive a China or India Mancozeb Export Analysis Report for 2019 H1 from AgroPages.
Refer the link for the list of these 27 products: http://news.agropages.com/News/NewsDetail---35307.htm
We invite the importers and distributors of Mancozeb to participate in the survey. Those who complete the survey will receive a China or India Mancozeb Export Analysis Report for 2019 H1 from AgroPages.
If you have market research needs for Mancozeb or other products, please contact us via agropages@vip.163.com
Source: cnbctv18
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