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India agreed to buy 650,000 tonnes of potash from Russia's Uralkali for the year starting August at $240 a tonne, 6% above the previous year. The Indian Potash Ltd managing director said other suppliers such as Potash Corp are likely to offer similar prices.
Indian contracts are closely watched by Malaysia and Indonesia.
A higher benchmark contract from a major buyer confirms firmer potash pricing that regional buyers are likely to follow, supporting fertilizer costs.
business-standard.comReutersJul 28, 2017Not 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.
