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Belarusian Potash Company settled India's 2026 potash contract at $383/t CFR for June to December deliveries, with 180 days of credit. That is $34/t above India's 2025 contract and $35/t above China's 2026 benchmark of $348/t CFR.
The India benchmark is a key Asian reference price, and its premium over China signals firmer global potash pricing. Other Asian buyers are likely to reference this level in upcoming tenders.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.