Indian Fertiliser Companies To Raise Potash Prices After Subsidy Cut

Indian fertilizer companies will soon raise potash prices after the government last week cut subsidies by 20 percent for the current financial year, officials said. Higher potash prices charged to millions of Indian farmers will hurt demand in one of the world's largest importers of the fertilizer, raising concerns for big global suppliers. To offset the subsidy cut, Indian companies also plan to bargain for lower prices in their annual import contracts with international suppliers like Uralkali, Potash Corp of Saskatchewan, Agrium Inc, Mosaic, K+S, Arab Potash and Israel Chemicals.

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