Loading…
Uralkali signed a contract to supply potassium chloride to China at $346 per tonne CFR for delivery through the end of 2025, up 27% from last year's $273. The size of the contract was not disclosed.
The China annual potash contract sets the global minimum price benchmark, so the 27% increase signals firmer fertilizer costs for crop producers. This supports higher input costs for feed grains.
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.