# India and Belarusian Potash Price Agreement Not Reflective of Market Conditions | Nutrien

> 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.

- Date: 2021-01-30 · published 2021-01-30T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/49480-india-and-belarusian-potash-price-agreement-not-reflective-of-market-conditions
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: neutral

## Sources

- nutrien.com: https://www.nutrien.com/news/press-releases/india-and-belarusian-potash-price-agreement-not-reflective-of-market-conditions-1582

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