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Uralkali signed a potash supply contract with Indian Potash Limited for the rest of 2020 at $230/t delivered. The price is $10 above the $220/t China contract set by BPC a week earlier, and Uralkali said it reflects current market conditions.
The India deal at $230/t, above China's $220/t, indicates a slightly firmer benchmark for global potash. This moderately supports potash prices and fertilizer costs.
mining.comCecilia JamasmieMay 21, 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.
