# BPC, IPL set new India MOP contract at $383/t cfr | Latest Market News

> BPC confirmed a new standard MOP contract with Indian importer IPL at $383/t cfr with 180 days of credit for June to December deliveries. That is $34/t above the previous Indian contract and $35/t above China's recent contract. Volumes are expected to be around 650,000t.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/31546-bpc-ipl-set-new-india-mop-contract-at-383-t-cfr-latest-market-news
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A higher Indian contract price signals firm global potash demand and tight supply, supporting MOP prices. The premium over China is also well above the historical average.

## Read by commodity

- POTASH: bullish ▲

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2828100-bpc-ipl-set-new-india-mop-contract-at-383-t-cfr

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