Potash

Reuters reported that, in an effort to curb a ballooning deficit, the Indian government is cutting subsidies on potash-based fertilisers and is scaling back on potash imports.
As quoted in the market report:

Reuters reported that, in an effort to curb a ballooning deficit, the Indian government is cutting subsidies on potash-based fertilisers and is scaling back on potash imports.

As quoted in the market report:

Fertiliser companies could have cut potash and phosphate prices sharply, had the government kept fertiliser subsidy steady. Now they can reduce prices marginally,” said a senior official with a fertiliser producer, who declined to be named.

To view the whole Reuters report, click here.

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