INDIA STOPS IMPORT OF POTASH DUE TO DROUGHTS
India halted potash imports and postponed negotiations around next year’s imports until June 2016 due to weak demand caused by drought. Potash is a crop nutrient that is used to fertilize farmland. This is India’s first halting of potash imports in years and comes alongside decreased demand from China and Brazil as well. India’s major suppliers of potash include Uralkali, Potash Corp. of Saskatchewan, and Arab PotashCo. Even with this decision, India has 1.1 million tons in potash inventory, which highlights the crisis that India’s farm sector is experiencing.