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Canpotex signed potash contracts with China's buying committee and with Indian Potash Ltd for shipments through December 31, 2022, both at $590 per tonne CFR. The company said it was fully committed on volumes through March 31, 2022, citing strong demand from offshore markets.
Fixed-price contracts with the two largest Asian buyers at $590 per tonne lock in a high price floor for the rest of 2022. Full commitment through March indicates limited spot availability and supports potash prices.
e-mj.comMisty ValverdeFeb 22, 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.
