Phosagro Cuts Fertilizer Prices for India on Rupee Slump
Bloomberg reported that a lower rupee prompted Phosagro (RTC:PHOR) to lower fertilizer prices for Indian buyers.
Bloomberg reported that a lower rupee prompted Phosagro (RTC:PHOR) to lower fertilizer prices for Indian buyers.
India is just one of the many nations in the world dealing with a food crisis. While the country is experiencing unprecedented population growth, the amount of arable land is shrinking, thereby increasing the need for fertilizers.
The Economic Times reoprted that Uralkali (LSE:URKA) sees potash prices reaching $600 on increased demand from India.
Business Standard reported that India has right of first refusal on a stake in the potash producer Belaruskali.
The Times of India reported that farmers in the Indian state of Madikeri are concerned about getting enough potash for their crops.
The Hindu reported that Indian farmers are welcoming the arrival of potash from Israel.
Mining Weekly reported that Indian buyers agreed to a phosphate price hike.
Business Standard reported that India is relying more on potash imports to meet its domestic demand.
Bloomberg reported that International Potash will supply India with 400,000 tons of potash before the end of 2011.
MSN India reported that India's government is assured that potash supply to the country will improve on a long-term supply deal.
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