# EXCLUSIVE: EXCLUSIVE India could buy potash from Belarus in rupees as sanctions hit Minsk-sources | Reuters

> Reuters reports that India could buy potash from Belarus and pay in rupees as sanctions restrict Minsk's access to conventional payment channels. The excerpt cites spot potash trading around $650 a tonne, well above annual contract prices paid by large buyers such as India, China and Brazil.

- Date: 2022-02-02 · published 2022-02-02T12:00:00.000Z
- Category: geopolitics · region India · magnitude low
- Page: https://feedsoft.ai/events/43016-exclusive-exclusive-india-could-buy-potash-from-belarus-in-rupees-as-sanctions
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A rupee settlement route could keep Belarusian tonnes flowing to India despite sanctions, which would ease some pressure on the tight potash market. Spot prices well above contract levels signal that buyers face high costs until supply is restored.

## Read by commodity

- POTASH: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/india/exclusive-india-could-buy-potash-belarus-rupees-sanctions-hit-minsk-sources-2022-02-02/

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