15 October 2019 According to the Ministry of Fertilizers data, Coromandel Internationals (CRIN) fertilizer manufacturing volumes grew 8% YoY, whereas trading volumes were down 62% YoY in 2QFY20. Manufacturing of di-ammonium phosphate (DAP) fertilizers increased 72% YoY, whereas trading of DAP declined steeply by 88% YoY in 2QFY19 due to a fall in phos acid prices. In the NPK segment, 20-20-0-13 volumes (41% of NPK volumes in FY19) grew 24% YoY, whereas 28-28-0 volumes (accounted for 22%) declined 10% YoY in 2QFY20. In the fertilizer trading segment, Muriate of Potash (MOP) volumes grew steeply by 66% YoY, whereas urea volumes declined 67% YoY in 2QFY20. Andhra Pradesh (AP), Telangana, Maharashtra and Karnataka are the key markets for CRIN these cumulatively accounted for 66% of total fertilizer volumes and 47% of total manufactured fertilizer volumes in FY19 (NPK volumes from the above states form 75% of NPK sales).