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Belarusian Potash Company said it raised its 2021 potash contract price with India's IPL by 7.4% to $247/t CFR. The 800,000-tonne annual contract replaces the $230/t price agreed in May 2020.
BPC said the deal could support potentially higher global potash prices.
The price increase sets a higher benchmark for Indian potash demand in 2021. This supports potash prices, though the contract covers only about 15% of India's annual demand.
primepress.byPrimepressJan 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.
