Business Standard reported that India’s Department of Fertilisers is expressing worries over India’s failure to reach an agreement on potash import prices.

The market news is quoted as saying:

The Indian fertiliser industry had been on a “holiday” since April and has stopped importing potash. The government subsidy had been fixed at $400 a tonne, hence technically, a higher cost would translate into raising the farmgate prices or the price at which it would be sold to the farmers.

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