# Uralkali-China Contract Affirms Our View for Lower Potash Prices in 2024 | Morningstar

> Uralkali agreed a potash contract with Chinese importers at $273 per metric ton, down from $307 in 2023. Morningstar expects this to set the Canpotex contract price for China and India and to act as a floor for spot prices.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/29628-uralkali-china-contract-affirms-our-view-for-lower-potash-prices-in-2024
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A lower China contract price resets the benchmark for global potash, pressuring spot prices and producer margins. Canpotex and other suppliers are likely to follow the lower level.

## Read by commodity

- POTASH: bearish ▼

## Sources

- morningstar.com: https://www.morningstar.com/company-reports/1232227-uralkali-china-contract-affirms-our-view-for-lower-potash-prices-in-2024

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.