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India signed a potash supply contract with ICL for 600,000 tons through December 2021 at US$280/ton CIF, up US$50 from the prior level. The earlier Belarusian Potash Co. contract with India was also renewed in April at US$280/ton, up from US$247/ton in January.
Higher potash contract prices and rising ocean freight raise fertilizer costs for farmers and feed grain producers, supporting crop input inflation.
sxleixinchem.comMay 16, 2021Not enough comparable past events yet for a historical read.
Not 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.
