# India's potash facing demand destruction as world reels from high prices | Economy & Policy News - Business Standard

> Indian Potash Ltd expects India's potash consumption to fall to 3 million tons in the year through March 2023, down from 5 million a year earlier, as farmers cut use due to high prices. Indian Potash agreed to buy potash from Israel, Canada, Jordan and Germany at $590 a ton including freight, up from about $445 last year, while Russian and Belarusian supplies have stalled over payment issues.

- Date: 2022-09-28 · published 2022-09-28T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/39506-india-s-potash-facing-demand-destruction-as-world-reels-from-high-prices
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Demand destruction in a major importer tempers global potash prices, but supply constraints from Russia and Belarus keep the market tight and costly for buyers of potash-based fertilizer and feed-crop inputs.

## Read by commodity

- POTASH: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/india-s-potash-facing-demand-destruction-as-world-reels-from-high-prices-122092800486_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.