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Russia's Uralkali confirms China potash supply deal at $305/T

MOSCOW, Jan 20 (Reuters) - Russia's Uralkali, the world's biggest potash producer, said on Monday it had a signed a deal to ship 700,000 tonnes of the soil nutrient to China at $305 per tonne on a cost and freight (CFR) basis in the first half of 2014.

The company supplied potash at a price of $400 a tonne on a CFR basis to China in a previous contract that ran until mid-2013.