India's Big Contract Issued, Potassium Fertilizer Prices Gradually Stabilized from Falling

After several months of negotiations, India's annual potassium fertilizer contract was finally introduced on April 4, 2023. India's main importer, IPL, signed the 2023 annual potassium fertilizer contract with Potash Canpotex at a price of CFR422 USD/ton. The shipping schedule was until September 30, 2023, which was a decrease of 168 USD/ton compared to the price of the 2022 potassium fertilizer contract.