Desjardins Analyst Says Indian Subsidy Removal Bad News for Potash Corp

Globe and Mail reported that a Desjardins analyst said the slashing of fertilizer subsidies in India will have a negative impact on Potash Corp (NYSE:POT).

As quoted in the market news:

In an effort to combat soil degradation as a result of overuse of fertilizer, subsidies for di-ammonium phosphate (DAP) and potash are to be cut by approximately one-third.

Click here to read the full Globe and Mail report.