Belarus to sell India potash at lowest price in a decade

Belarus has agreed to sell potash to India at the lowest price in a decade and about a third less than last year’s level as global supplies of the crop nutrient exceed demand.

One of India’s biggest fertiliser importers, Indian Potash Limited (IPL), will buy 700,000 tonnes of potash at $227 per tonne on a cost and freight (CFR) basis with a credit period of 180 days, Belarusian Potash Company, Belarus’s state-controlled trader of this fertiliser, said in a statement on Monday.