Russia’s Uralkali became the first global potash miner to sign supply agreements with India for next year, at a price that may be encouraging for fertilizer makers.
Uralkali marked the start of the contracting season by agreeing to deliver the nutrient to Indian Potash between this October and March 31, the Russian company said Friday. The price was set at $280/t, said two people familiar with the matter, who asked not to be identified as the information isn’t public.