Shares of fertiliser companies jumped up to 8 per cent in  after the government announced the support of Rs 65,000 crore to farmers through subsidised fertilisers.
Finance Minister, Nirmala Sitharaman in a press conference said that there is an estimated increase of fertiliser usage by 17.8 per cent over its actual usage of 571 lakh metric tonne in the financial year 2020. The increase in fertiliser usage is due to the favourable monsoon and an increase in the sowing area. The subsidy of Rs 65,000 crore will be provided for ensuring adequate availability of fertilisers to farmers in the upcoming crop sesason. 
Following the news, Mangalore Chemicals surged 7.36 per cent to Rs 33.55, Shiv Agro gained 3.76 per cent at Rs 38.65, Coromandel International jumped 3.14 per cent to Rs 739.55 and Nagarjuna Fertilizers was up 3.27 per cent to Rs 4.10, Fertilisers and Chemicals Travancore (FACT) rose 4.4 per cent and Rashtriya Chemicals & Fertilizers (RCF) 2.8 per cent respectively.
Fertiliser consumption stood at 499 lakh metric tonnes in FY17 and is expected to rise up to 673 lakh metric tonnes in FY21, as per the estimates. The growing fertiliser consumption and an increased supply of fertilizers will ensure the forthcoming crop seasons would not be affected for the want of adequate fertilisers, the FM said.