Indian subsidy cut dashes hopes of potash recovery

By Laura Syrett
Published: Thursday, 27 February 2014

Government reduces support in effort to contain national deficit

India is to cut its potash subsidies by nearly one fifth from April, demolishing hopes for a resurgence in domestic demand and global prices for the fertiliser mineral, Reuters has reported.

India's fertiliser ministry has set the subsidy at Indian rupee (INR) 9,300 ($150*)/tonne for the next financial year down...

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