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A Big Potash Deal for 2020 Was Made

Date:2020-05-08 Source:Sinofert

On April 30, under the full support of relevant government departments, the Chinese potash negotiation team composed of Sinochem Group, CNAMPGC and CNOOC agreed with Belarus Potash Corporation (BPC), one of the world’s largest potash producers, on the 2020 potash seaborne import contract at a CFR price of $220 per tonne, down $70 per tonne from 2018, lower than the major international market prices at that time, such as $235-255 per tonne in Southeast Asia and $280 per tonne in India, continuing the global potash price benchmark status.