# Uralkali and Indian Potash agree potash supply contract | World Fertilizer

> Uralkali Trading has signed a potash supply contract with Indian Potash Ltd for deliveries through the end of 2020. The price is set at $230/t CFR. Uralkali said the price reflects current market conditions, unlike the Chinese contract it considered suboptimal.

- Date: 2020-05-21 · published 2020-05-21T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/53069-uralkali-and-indian-potash-agree-potash-supply-contract-world-fertilizer
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The India deal confirms that potash contract prices are settling in the low $200s per tonne, which weighs on global potash benchmarks. Buyers should expect soft potash pricing through 2020.

## Read by commodity

- POTASH: bearish ▼

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/potash/21052020/uralkali-and-indian-potash-agree-potash-supply-contract/

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