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:
Business Standard reported an interview with Mosaic Corp. (NYSE:MOS) CEO James T. Prokopanko.
Indian Cooperative reported that Uralkali's (LSE:URKA) refusal to grant lower potash prices to India means the country will slash potash imports.
Business Standard reported that India is relying more on potash imports to meet its domestic demand.
Bloomberg reported that Uralkali's (LON:URKA) trading partner raised prices for potash shipments to India.
Business Standard reported that India's Department of Fertilisers is expressing worries over India's failure to reach an agreement on potash import prices.
Reuters reported that the EU lifted trade barriers from Russia and Belarus by cutting import duties on potash.
Business Line reported that Indian fertilizer makers say they refuse to pay more than China for potash imports.
Reuters reported that Chinese fertilizer importers are paying higher prices for potash from Russia and Belarus.
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