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  • Reuters13 days ago

    Germany's K+S sells potash to India at decade-low price-sources

    German potash miner K+S will ship potash to India at the same decade-low price that other sellers to the country have agreed to, three industry sources said on Monday, at a time when global supply of the crop nutrient is exceeding demand. K+S's decision could pressure other key producers such as Russia's Uralkali and North American trading group Canpotex Ltd, owned by Potash Corp of Saskatchewan , Mosaic Co and Agrium Inc, to consider offering potash at similar prices. Indian Potash Ltd (IPL), one of the country's biggest fertiliser importers, will buy 125,000 tonnes of potash at $227 per tonne on a cost and freight (CFR) basis with a credit period of 180 days, said the officials, who declined to be named as the contract has not been officially announced.

  • Reuters16 days ago

    Belarus signs long-delayed potash deal with China at big discount

    Belarusian Potash Company (BPC) said on Thursday it had signed an overdue deal with a consortium of Chinese firms to sell potash at $219 per tonne for 2016, a 30 percent drop from last year. BPC, the trading division of state-owned miner Belaruskali, added that actual volumes for Sinochem Corp, CNAMPGC and CNOOC Ltd would be decided later. In June, Belarus agreed to sell 700,000 tonnes of potash to Indian Potash Limited at $227 per tonne.