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Canpotex agreed to supply potassium chloride to Indian Potash through the end of 2022 at $590 per tonne CFR, more than double the $230 per tonne agreed for 2020. Fertilizer Daily links the price increase to U.S. sanctions against Belaruskali and Belarusian Potash Company.
A contract at $590 CFR sets a high benchmark for Indian potash purchases and signals that Canadian supply is commanding a premium while Belarusian tonnes are constrained. Buyers should expect elevated potash input costs through 2022.
fertilizerdaily.comFeb 16, 2022Not 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.
