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Uralkali agreed a potash price with Chinese buyers at $273 per tonne CFR, down from $307, while other producers still ship to China and India at reserve prices. The article traces how potash trading moved away from a producer cartel after sanctions on Belarus and Russia's invasion of Ukraine.
The lower benchmark signals weaker potash pricing for producers not on the contract, pressuring global fertilizer prices. Fragmented sales add pricing uncertainty for importers in China and India.
fertilizerdaily.comJul 12, 2024Not 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.
