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Israel Chemicals cut its potassium chloride price to Indian Potash by $10 per tonne under a five-year contract, covering shipments through March of the following year. The move follows a similar $10 per tonne reduction by Uralkali to the same buyer.
Two major producers cutting prices to India's largest potash importer signals softer potash pricing into early 2020. Lower fertilizer input costs are bearish for fertilizer producers and modestly supportive for farm margins.
fertilizerdaily.comNov 13, 2019Not 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.
