Uralkali said on Monday that it will seek to benchmark its potash prices on the basis of the Indian market, not Chinese.
The company, one of the world leaders in potash production, told journalists that it has decided to switch the basis of its benchmarking as the Indian market grows.
Uralkali exports potash through its trading arm, Belarusian Potash Company (BPC).
“India consumes a lot of potash and it does not have domestic production and...