China has signed a long-awaited annual contract for the fertiliser potash with BPC, the export arm of Belaruskali, at a higher than expected price of $219 a tonne.
BPC said it had agreed with a consortium of Chinese buyers — Sinochem, CNAMPGC, and Cnooc— to supply potash at that price until the end of the year.
The annual contract with China — the world’s largest buyer of potash — has traditionally acted as a benchmark for fertiliser producers.
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