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India's agrochemical exports rebounded in FY26, boosting growth forecasts despite weak domestic demand.
India’s agrochemical industry is projected to grow 6-7% in FY2025-26, driven by a rebound in exports following two years of decline, according to Crisil Ratings.
Export revenue rose 5-6% in the first half of FY26 to $2.09 billion, supported by stronger global demand in Latin America, North America, and Europe, with India supplying about 20% of U.S. agrochemical needs.
Domestic sales remain weak due to delayed monsoon rains affecting kharif crops.
Prices have stabilized as China’s post-lockdown inventory overhang eased, and operating margins are expected to hold steady.
Long-term growth of 8-10% hinges on sustained export momentum and a recovery in domestic demand.
Las exportaciones de agroquímicos de la India se recuperaron en el año fiscal 26, impulsando las previsiones de crecimiento a pesar de la débil demanda interna.