ALSO READPotash demand to take a hit, with China-induced price hike Essel Group ME & Gensource to set up potash production facility in Canada India likely to import more as output set to fall Indian fertiliser companies to raise potash prices after subsidy cut Govt may cut potash subsidy in potential blow to demand
India has agreed to pay 6 per cent higher price than the previous year to Russia's Uralkali for
For the next year, India will buy potash at $240 a tonne, Gahlaut told Reuters. He said other sellers including Potash Corp of Saskatchewan
Potash contracts signed by India, one of the world's top buyers of the crop nutrient, help set the global benchmark along with buying by China, the world's biggest consumer.
Indian contract prices are closely watched by other regional buyers Malaysia and Indonesia.
Reuters last week reported that Indian could agree a higher prices due to improved global demand for potash.
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