FARM BUSINESS NEWS
Canada's Grain Transport Conundrum
Tue Apr 1, 2014 05:13 PM CDT

MOSCOW (Dow Jones) -- Russian potash producer OAO Uralkali signed a one-year sales deal April 1 with India's largest importer to sell the fertilizer additive at $322 a metric ton.

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. Prices had fallen more than 25% from $400 a ton last summer, after Uralkali left a trading partnership with Belarus, effectively ending an informal global pricing cartel.

Indian potash consumption has dwindled in the past few years as ...

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