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India's cabinet cut the potash fertilizer subsidy by more than 10 percent to Rs. 11.124 per kg for fiscal 2018-19, down from Rs.
12.395. India's potash imports were estimated at 4.6 million tonnes in 2017/18.
A lower subsidy may raise retail potash prices for Indian farmers and could dampen consumption and imports, which weighs on global potash demand.
echemi.comChemical WeeklyApr 12, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
