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Is Israel-Hamas War Benefitting Fertilizer Market in India? Explained

Even though the Israel-Hamas conflict is in its fifteenth day, tension in the region is at an all-time high, particularly in light of the hospital attack in Gaza. While world officials working towards peace between Israel and Hamas, astute stock market investors are profiting from this conflict. Following the escalation of the Israel-Palestine conflict, some fertilizer stockpiles have increased by 40% over the past two weeks.

After news of the Israel war spread, the share price of Gujarat State Fertilisers & Chemicls Ltd. increased from roughly 167.50 to 203, giving its stockholders a return of more than 20%. During the Israeli-Palestinian war, the share price of Fertilisers And Chemicals Travancore, or FACT, increased from about 510 to 710 rupees per piece, giving its stockholders a return of 40%. The share price of Gujarat Narmada Valley Fertilisers and Chemicals, also known as GNFC, has soared from about 610 to 655 dollars per share. In the same period, the share price of Madras Fertilisers increased from 73.45 to 82.50 dollars per unit.

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Russia-Ukraine war as inspiration

Sonam Srivastava, the founder and fund manager at Wright Research, referred to the rise in fertiliser stocks during the Russia-Ukraine war when he said, “The outbreak of the Israel-Hamas war has raised concerns over the global fertiliser supply, particularly because of the potential disruption to potash exports from the region. Due to the fighting, Israel’s Ashdod port, a significant centre for potash exports, is functioning in “emergency mode.” Shipping limitations and “war risk” levies have been implemented as a result, potentially obstructing the free movement of products. One of the biggest fertiliser firms in the world, ICL Group, which is strongly dependent on Ashdod, verified that business is still being conducted despite the emergency.

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