RCF, FACT, Coromandel and Other Fertiliser Stocks Fall 3% on PM Modi's Sustainable Farming Push

Indian fertiliser stocks experienced a 3% decline following Prime Minister Narendra Modi's call for reduced reliance on chemical fertilisers.  

His recent speech encouraged sustainable farming practices and economic resilience by reducing import dependence. 

Impact on Fertiliser Stocks 

Major fertiliser companies, including Rashtriya Chemicals and Fertilizers (RCF) and Fertilisers And Chemicals Travancore (FACT), saw their shares dip on May 11, 2026.  

RCF shares were down 2.70%, trading at ₹127.05, while FACT shares declined 3.11% to ₹876.50.  

Other companies such as Coromandel International and Chambal Fertilisers and Chemicals also reported decreases. 

PM Modi's Sustainable Appeal 

Prime Minister Modi, during his Hyderabad address, appealed for reduced petrol, diesel consumption, and curbed non-essential gold purchases.  

He emphasised a gradual shift from chemical fertilisers to sustainable alternatives as part of broader economic strategies for self-reliance. 

Read More: India’s Fertiliser Subsidy Set to Exceed ₹1.71 Lakh Crore on Higher Global Prices! 

Market Reaction 

Investors reacted with caution in light of Modi's appeal. The push towards natural fertiliser alternatives suggests a crucial transition for the sector, potentially impacting demand for chemical-based products.  

Mobilising support for locally produced goods also aligns with national self-sufficiency goals. 

Broader Economic Message 

Modi's speech also highlighted the necessity of reducing various import dependencies, like those for cooking oils.  

He urged citizens to adopt more indigenous products, positioning this shift as a national, rather than political, initiative. 

Conclusion 

This recent call to action by PM Modi underscores a significant push towards sustainability, impacting multiple sectors. Fertiliser stocks have responded with declines, reflecting market sentiment amidst these proposed changes. 

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