India, China Seek Cheaper Potash as Cartel Breakup Softens Market

Reuters reported that both India and China are working to take advantage of market upheaval by seeking price cuts of 25 percent or more.

As quoted in the market report:

China wants to pay less than $300 a tonne for new contracts for the second half of 2103 and 2014, down sharply from $400 a tonne in the first half and $470 last year, pointing to its high stocks of the fertiliser and rising domestic output.

To view the whole Reuters report, click here.