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Nutrien said the 2021 potash contract between Indian Potash Limited and Belarusian Potash Company, reported at $247/t, does not reflect market conditions. It said the deal was settled at government level with limited commercial involvement.
Nutrien also said it is committed to North American potash sales through April 2021 and that its offshore commitments exclude India and China.
A low, government-negotiated India price may signal weaker offshore potash pricing, while Canpotex and Nutrien resist following it. The split leaves the potash price outlook for 2021 uncertain.
nutrien.comJan 30, 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.
