date:Feb 28, 2014
A smaller subsidy would push up costs in India, dashing any hopes for a recovery in demand in one of the world's top importers of the fertiliser that global potash miners are banking on to counter a slump in prices.
Russia's Uralkali broke away from trading venture Belarusian Potash Company (BPC) in July, sending potash prices down more than 20 percent since then to around $310 a tonne.
India relies on imports to meet its entire potash demand, which in the current year is 4 million tonnes. Ove