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Agro chemical stocks rise on higher demand due to locust menace

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According to analysts such disruptive events create awareness among farmers and provide stimulus to usage of agro chemicals Locust swarms seen parts of India is expected to create additional demand for agro-chemical companies in India.

Stocks of leading manufacturers such as Bayer Corpscience, UPL Ltd, Sumitomo Chemicals, Insecticides India, UPL Ltd, BASF, Rallies India have risen 1-8% in last three days on expectations of higher demand "Bayer CorpScience Ltd is working on identifying drone providers and conducting drone-based demonstrations for effective locust control in affected areas" a company spokesperson told Mint.

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