"It will take 2-3 quarters to see change of raw material prices on balance sheet," says RV Bubna, Chairman & MD of Sharda Cropchem.
Speaking about the peak in raw material prices, Bubna said that the prices of raw material have started coming down and the sentiment has also changed considerably.
He further said that the raw material supply situation has improved and availability is becoming easier now.
Talking about environmental rules in China market, he said, “Productions have started getting to normalcy and they have made some corrections to take care of environmental issues and the authorities have loosen little bit of tightness or control."
"Raw material prices for the active ingredients have come down,” he added.
Speaking on availability of goods, Bubna said, "Goods are available within a time frame of 2-3 weeks versus 4-6 weeks earlier."