# BPC raises 2021 contract price with India’s IPL by 7.4% to $247 per tonne of potash

> 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.

- Date: 2021-01-30 · published 2021-01-30T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/49482-bpc-raises-2021-contract-price-with-india-s-ipl-by-7-4-to-247-per-tonne-of
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bullish ▲

## Sources

- primepress.by: https://primepress.by/news/ekonomika/bpc_raises_2021_contract_price_with_india_s_ipl_by_7_4_to_247_per_tonne_of_potash-29149/

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