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Uralkali said the commercial terms of the potash supply contract signed by the Belarusian Potash Company with a Chinese consortium do not reflect current market conditions or outlook. The company warned that contracts at BPC's price would discourage investment and eventually cause a potassium chloride shortage, and said it would consider whether to accept the price.
The $220/t Chinese benchmark is seen as setting a low floor for global potash contracts, which pressures fertilizer prices and farm input costs. Uralkali's refusal to follow it raises the risk of a price split in the market.
worldfertilizer.comNicholas WoodroofMay 6, 2020Not 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.
