Uralkali’s potash goes on sale, India to pay lowest price Uralkali’s potash goes on sale, India to pay lowest price in 7 years
Cecilia Jamasmie | April 1, 2014
Russian potash miner Uralkali (MCX:URKA), the world's largest producer of the fertilizer ingredient, said Tuesday it has signed a one-year sales deal with India's largest importer, which pay $322 for a metric ton of the soil nutrient.
According to analysts, the contract to sell 800,000 metric tons to Indian Potash Limited between now and March 2015, signals a firming of prices and a possible end to the uncertainty in the potash market.