date:Apr 02, 2014
supplies to meet its entire potash demand, has cut potash subsidies for the year that started on April 1 in an effort to contain a ballooning fiscal deficit.
The country has accounted for about a tenth of global shipments over the past five years, but its share has been slipping as local prices rise due to subsidy cuts and a weaker rupee.
India's potash imports should remain largely steady around 3.5 million tonnes in 2014/15 due to the subsidy cut, P.S. Gahlaut, managing director of Indian P