India’s Potash Volumes to be Impacted by Higher Import Price

Mining Weekly reported that fertilizer producers in India expect a fall in inward shipments of fertilizer minerals during the current financial year. The producers failed to avoid a price hike in the year’s first two potash import deals.

As quoted in the market news:

Indian potash importers have concluded their first two deals of the year, of 1.3-million tonne and 80 000 t respectively with Canadian potash exporter Canpotex and Russia’s Urakali. Both the shipments would be at $332/t and remained fixed through the current year. Senior government officials in the Department of Fertilizers said that the contracted price was a hike of $10/t over average price of shipments during previous financial year, and while price increases had been resisted, importers had clearly failed to negotiate deals with potash exporters, at last year’s price.

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