First Tidal Acquisition Corp T.AAA

RE: India agreement soon?

[aaa-ftw]

Interesting how we are all over the Chinese as a potential O/T or J/V partner when the Indians import almost twice as much. To me it would make more sense for the Indians to want to secure their own suppy moreso than the Chinese.

In 2008-09, when commodity prices had hit through the roof, India had paid $625 a tonne for potash. Last year, the price was $370 per tonne. India imports its entire potash need of six million tonnes (mt), and accounts for 60 per cent of the world imports. India sources potash from Canada, Russia, Israel and Jordan.

Last week, US Awasthi, managing director, Indian Farmers Fertiliser Cooperative Ltd, had said it was a question of national pride. “We import over six mt of muriate of potash annually, which is more than the 3.5 mt by China. So, why should we have to pay more?” he asked.