Indian government slashes subsidy on DAP, MOP

By Shruti Salwan
Published: Tuesday, 14 February 2012

Govt points to weak phosphate outlook, strong rupee; prices could rise on Syria

The government of India has slashed subsidies on di-ammonium phosphate (DAP) and muriate of potash (MOP) following reports of bearish market prices.

The inter-ministerial committee (IMC) of India, decided to reduce the...

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