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Belarusian Potash Co. agreed to supply India with potash at $290 per tonne, a $50 increase on the previous contract. The price came in above analyst expectations, and fertilizer producer shares rallied on Monday.
The India contract sets a higher benchmark, and the Chinese contract, still under negotiation, is expected to follow near it. A higher global potash floor lifts producer margins and raises costs for importers.
theglobeandmail.comDavid MilsteadAug 27, 2018Not 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.
