- An Indian ministry proposes cutting potash subsidies by 17% in the next financial year to reduce the fiscal deficit, a move that would hit demand in one of the world's largest potash importers, Reuters reports.
- Although global prices have been falling, a reduction in government support in India - which alongside China is the world's biggest bulk potash importer - would make potash relatively expensive for the companies that import it.
- Global producers including Uralkali, Potash Corp. (POT -1.1%), Agrium (AGU -0.9%), Mosaic (MOS -1.5%), K+S, Israel Chemicals (ICL -0.3%) and Arab Potash have been hoping for strong demand to help counter weak prices.