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Indian Potash, Coromandel fertilizer imports may wilt as prices peak

Energy - PetChem 19 India 428 Materials - Chemicals 185

A surge in potash pricing may lead to a reduction in imports to Indian for the fertilizer as the “consumption of potash is very price sensitive” according to Indian Potash’s MD, P.S. Gahlaut. India was the second largest importer of fertilizers more broadly in 2019 with 11.0% of global imports. There’s also been a surge in demand with a 31.9% year over year increase in the three months to Nov. 30, outpacing growth of 14.4% in Brazil, the largest importer. Imports of potassic fertilizers to India climbed 71.4% year over year though they remain only the third most common form of fertilize...

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