# Govt signs potash import deal with Russia's Uralkali at $240 a tonne | Economy & Policy News - Business Standard

> 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.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/70290-govt-signs-potash-import-deal-with-russia-s-uralkali-at-240-a-tonne-economy-and
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A higher benchmark contract from a major buyer confirms firmer potash pricing that regional buyers are likely to follow, supporting fertilizer costs.

## Read by commodity

- POTASH: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/india-signs-potash-import-deal-with-russia-s-uralkali-at-240-t-117072800942_1.html

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