Brazil paying a premium for K (again)All the recent price hikes were while renegotiating contracts with Brazilian buyers.
Amazon's project is in the right place... now it is matter if our time is also good.
Uralkali’s Belarusian Potash to Raise Brazil Prices in May
Belarusian Potash Co., a traderpart owned by Russia’s OAO Uralkali, will raise prices for thefertilizer by about 11 percent for buyers in Brazil in Maybecause of “unprecedented demand,” tight supply and highercrop prices.
“BPC believes the same fundamental factors will continuesupporting very strong international demand through all of2011,” the trader said today.
BPC will charge as much as $525 a metric ton for potashfrom May, the trader said today in an e-mailed statement. Thatcompares with as much as $475 previously. The trader will sellthe material at about $520 a ton to large customers, accordingto the statement.
“This is a very good contract for Uralkali and BelarusianPotash, as they have 10 percent and 20 percent exposure on theBrazilian market respectively,” said Elena Sakhnova, an analystat VTB Capital in Moscow.
Potash companies are increasing charges because of risingdemand as farmers seek to boost crop yields after produce pricesjumped. Uralkali (URKA)’s trading arm raised contract prices for potashin China, the world’s biggest consumer of the fertilizer, 14percent in January to $400 a ton.