India has proposed to cut fertilizer subsidy spending in the next financial year starting in April, a move that could help reduce the fiscal deficit but may raise cultivation costs for farmers in the world’s most populous nation.
Farmer cut wheat during harvest at a field in Ghaziabad, Uttar Pradesh, India, on Monday, April 29, 2024. Wheat prices fell the most in more than a month, snapping a seven-day winning streak, as the outlook for much-needed rain helped alleviate crop concerns.