South West Monsoon, which accounts for ~70% of annual rainfall domestically, has been forecast to be normal in nature (IMD at 97% of LPA & Skymet at 100% of LPA). Normal monsoon is likely to result in an increase in food grain production. This coupled with government directive to ensure minimum support price (MSP) at 1.5x the cost of production for key crops domestically and a wider e-NAM network is likely to result in healthy farm income. It is positive for all agri inputs, including Rallis. On a consolidated basis, Rallis realizes ~55% of its yearly...