IndiFertilizer Ministry to move CCEA to slash potash subsidy Fertilizer Ministry to move CCEA to slash potash subsidy
Mar 24, 2014 12:40 AM , By Sujay Mehdudia
...It has been proposed that subsidy rate of potash will be reduced by Rs. 2,000 per tonne to stand at around Rs. 9,400 per tonne as the rates of this product have come down in the international market.
There has been a constant fall in the global prices of potash over the past few months resulting in availability at $320 per tonne instead of $430 per tonne a year ago. The subsidy on other major complex fertilizer phosphate has been kept at last year's level of Rs.12,350 per tonne as the global prices are stationary.
Potash is normally sold in Indian markets at Rs. 16,000 per tonne, while phosphate is available at about Rs. 22,500 per tonne. In the past one year, the total demand of both potash and phosphate was more than 10 million tonnes.