Indian Potash Ltd., India’s largest potash buyer, citing forecasts for the an improved 2016 monsoon, indicated today that potash imports may jump 29 percent this year to 4.2 million mt. IPL Managing Director P.S. Gahlaut had the upbeat news in an interview today, according to Bloomberg.
Gahlaut said Indian buyers, however, will be looking for a price cut, as a strong dollar makes imports more expensive. He said buyers will likely begin talks with suppliers in June, and he expects China to finalize its contracts by the end of May.