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Canpotex, the Saskatchewan potash exporter, is pressing Chinese buyers for a material price increase in their annual supply contract. CEO Ken Seitz said global prices have rebounded modestly from multi-year lows, and BMO expects only about $5 per tonne increases.
A higher China potash contract price would support the international benchmark, though analysts expect smaller gains than Canpotex seeks, limiting the upside.
grainews.caRod Nickel, GFM Network NewsApr 12, 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.
