# Potash producers rallied sharply Monday. Here’s why - The Globe and Mail

> 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.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/63891-potash-producers-rallied-sharply-monday-here-s-why-the-globe-and-mail
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/investment-ideas/article-heres-why-potash-producers-are-rallying-today/

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