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India cut fertiliser subsidies by 20% for the current fiscal year, and domestic companies plan to raise potash prices to farmers. Indian buyers also intend to seek lower prices in annual import contracts with global suppliers.
Higher Indian retail potash prices may dampen demand from a major importer, while bargaining for lower import prices pressures benchmark contract levels watched by other buyers.
hindustantimes.comReutersApr 4, 2017Not 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.
