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The Belarusian Potash Company signed a potash supply contract at US$220/t with a consortium of Chinese firms including Sinochem, CNAMPGC and CNOOC. BPC accounts for about 20% of global potash exports, and China and India annual contracts set the global benchmark.
A China contract at $220/t, below India's earlier $280/t, sets a lower global potash price benchmark. This is bearish for potash and for fertilizer costs facing farmers.
worldfertilizer.comNicholas WoodroofMay 1, 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.
