India Boosts Subsidies on Potash and Phosphates to Aid Farmers
A wheel loader moves fertilizer at a warehouse in Kirshnapatnam, Andhra Pradesh, India.
Photographer: Prashanth Vishwanathan/Bloomberg
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India will increase subsidies on fertilizers, including potash and di-ammonium phosphate, to cushion farmers from a rally in prices of soil nutrients.
The increase will help shield farmers from the impact of costlier imported raw materials for soil nutrients. The higher subvention will help farmers cut costs and keep a lid on food costs at a time when supply shocks have pushed India’s headline inflation to a 17-month high.