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Uralkali export contract to China confirms slide in potash prices

1:51 PM MST | January 20, 2014 | Ian Young

Uralkali (Berezniki, Russia) says that its Uralkali Trading subsidiary has reached an agreement on potash deliveries to China in the first half of 2014 at $305/m.t. cfr. The price represents a signifcant decline on potash export prices in 2013 and follows Uralkali's exit last July from the Belarusian Potash Co. (BPC; Minsk) export cartel, which Uralkali operated jointly with Belaruskali (Soligorsk, Belarus). Uralkali's contract covers shipments to China totaling 700,000 m.t. and was signed with a consortium headed by farm chemical company CNAMPGC Shanghai Corp...

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