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Uralkali Trading signed a potassium chloride supply contract with Indian Potash covering October 2019 to March 31, 2020. The price is $280 per tonne, $10 below the previous year's contract.
Last year's India and China contracts were priced at $290.
India's contract is a key benchmark, so a $10 cut signals softer potash pricing for Asian buyers. The lower reference level may pressure other potash prices in the near term.
fertilizerdaily.comOct 29, 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.
