Fertiliser Dept Alerts MEA on Potash Cartel

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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