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The Belarusian Potash Company and its partner Indian Potash signed a contract to supply potash fertilizer to India at $280 per tonne CFR. The agreement matches the price reported in the other Indian Potash contract.
The $280 CFR India price sets a benchmark that is lower than last year's level. It reinforces weaker potash pricing for Asian buyers heading into the next season.
Not 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.