# Canpotex Statement on Reported China Potash Settlement – Canpotex

> Canpotex said the reported $247/MT CFR China potash contract is well below current offshore market levels. The company stated it is fully committed to sales through April 2021 and will price according to market fundamentals. It also noted record potash shipments in 2020 and expects further export demand growth in 2021.

- Date: 2021-02-11 · published 2021-02-11T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/48969-canpotex-statement-on-reported-china-potash-settlement-canpotex
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Canpotex's stance signals that suppliers may hold out for higher prices, supporting potash market firmness and fertilizer costs for feed grain growers.

## Read by commodity

- POTASH: bullish ▲

## Sources

- canpotex.com: https://www.canpotex.com/news/canpotex-statement-reported-china-potash-settlement/

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