Russia’s Uralkali Kicks Off 2020 Potash Deals With India Accord
- Price is said to be $10 lower than contract rates for 2019
- Russian miner is the first to sign supply deals for next year
A worker measures the concentration of gases in an underground potash mine in the Perm region, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia’s Uralkali PJSC became the first global potash miner to sign supply agreements with India for next year, at a price that may be encouraging for fertilizer makers.
Uralkali marked the start of the contracting season by agreeing to deliver the nutrient to Indian Potash Ltd. between this October and March 31, the Russian company said Friday. The price was set at $280 a ton, said two people familiar with the matter, who asked not to be identified as the information isn’t public.