India to cut potash subsidy, hitting demand
date:Feb 28, 2014
WING ECONOMY

Since the breakup of BPC, the world's top potash producer Uralkali has been ramping up production to compensate for a drop in prices and is on the hunt for buyers such as India to absorb incremental supplies.

But India, which has been struggling to contain food, fuel and fertiliser subsidies amid a slowdown in the economy, may not be able to soak up the supplies as it can ill afford current subsidy levels.

Finance Minister P. Chidambaram allocated 679.71 billion rupees for the fe
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