# BPC agrees new potash contract at $290/t | World Fertilizer

> BPC agreed a potash contract with a Chinese buying consortium of Sinofert, CNAMPGC and CNOOC at US$290/t CFR for supply from October 2018 through June 2019. The price is US$60/t above the 2H17 contract and matches the India settlement reached at the end of August.

- Date: 2018-09-17 · published 2018-09-17T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/62979-bpc-agrees-new-potash-contract-at-290-t-world-fertilizer
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A higher benchmark Chinese potash price resets global potash values upward, raising fertilizer costs for farmers in the coming crop year. Chinese importers' margins are narrowing, which could slow future buying.

## Read by commodity

- POTASH: bullish ▲

## Sources

- worldfertilizer.com: https://worldfertilizer.com/project-news/18092018/bpc-agrees-new-potash-contract-at-290t/
- morningstar.com: https://www.morningstar.com/stocks/potash-producers-rally-thanks-china

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.