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Belarusian Potash Company agreed with a Chinese buying consortium (Sinochem, CNAMPGC, CNOOC) on a 2021 contract price of $247 per tonne, delivery through December 31, 2021. The price is $27 above prior China contracts.
The contract sets a higher benchmark for potash in Asia, supporting fertilizer prices and raising input costs for crop producers, though suppliers say it is below market levels elsewhere.
belarus.byFeb 10, 2021Not 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.
