Indian FY potash imports to dip 5%

India’s potash imports are expected to fall by an estimated 5% during the current financial year, as a result of a combination of higher global prices, a spike in the domestic retail price of the nutrient and the impact of country’s reformed indirect taxes. Officials in designated import agencies said that while the entire domestic demand for the soil nutrient was met through imports, total inward shipments in 2017/18 were forecast to be at least 5% lower than the four-million ton imported during the previous financial year.