For Potash, India goes Bargain Hunting

- February 25th, 2010

  Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to a growing national deficit. That potash will last … Continued

 

Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to a growing national deficit.

That potash will last roughly through June, and for future contracts India will seek to lower prices due to a growing national deficit.

India has returned to the bargaining table, seeking to secure potash supplies for the remainder of the year. Rumour has it that India will offer a maximum of $350 per metric tonne for the year starting April 1. Earlier this year, China settled a contract with Belarusian Potash for $350 per tonne, a far cry from the $1,000 per tonne potash was selling for in 2008.

For complete article, click onto Potash Investing News.

Get the latest Resource Investing stock information

Get the latest information about companies associated with Resource Investing Delivered directly to your inbox.

Resource Investing

Select None
Select All

Tags

Tags: ,

Leave a Reply