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India's potash facing demand destruction as world reels from high prices

Potash consumption will probably fall to 3 million tons in the year through March 2023 from 5 million a year earlier

Photo: Bloomberg
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Photo: Bloomberg

Pratik Parija | Bloomberg
India, one of the world’s biggest potash importers, is facing demand destruction due to high prices and the loss of critical supplies from Belarus and Russia. 
 
Potash consumption will probably fall to 3 million tons in the year through March 2023 from 5 million a year earlier, according to P.S. Gahlaut, managing director of Indian Potash Ltd., the country’s top importer of the crop nutrient. Farmers have been using less of it to grow crops like rice, wheat and sugar. 

Potash is a fertilizer that helps plants withstand drought and diseases. Prices soared earlier this year after the invasion of

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First Published: Sep 28 2022 | 12:31 PM IST

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