For Potash, India goes Bargain Hunting

Resource Investing News

  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 …

 

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 withBelarusian 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.

The Conversation (0)
×