The much anticipated
Indian urea tender was called. It will close May 7 with shipping by June 15.
The closing date is just after the last of the most recent tender urea must be
shipped. Sources have indicated MMTC will take 500-600,000 mt and that prices will
be lower than the RCF tender prices of $251-$257/mt CFR.
Belarus Potash Co. (BPC) has announced it has settled a new potash supply contract with the Consortium of Chinese buyers (Sinochem, CNAMPGC, and CNOOC) at $220/mt CFR for 2020. The price agreed marks a $70/mt reduction on the previous contract price.
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