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India Wants Logistics Clarity Before Signing Belarus Potash Deal

  • Indian Potash wants to know what shipping routes will be used
  • U.S. sanctions on Belarus may impact sales to Asian markets

India’s biggest potash importer has asked a sanctioned Belarusian supplier of the soil nutrient to clarify the shipping routes it plans to use before signing a new deal for this year.

Indian Potash Ltd. asked Belarusian Potash Co. to disclose which ports it will use for the shipments, according to a person familiar with the situation, asking not to be identified as the talks are private. Those logistical concerns show that key Asian markets may also be affected by U.S. sanctions, said Elena Sakhnova, an analyst at VTB Capital.