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Chinese and Indian potash buyers seeking price cuts, says ICL chief

By James Sean Dickson
Published: Friday, 23 October 2015

The soft underbelly of the global potash market could see prices fall over the next year by as much as $20/tonne, according to Stefan Borgas.

Potash purchasers based in India and China are looking for price cuts of around $10-20/tonne muriate of potash (MOP) in the next set of yearly contracts with suppliers based worldwide, according to the CEO of Tel Aviv-headquartered Israel Chemicals Ltd (ICL), Stefan Borgas.

Bulk contracts made in the spring-summer period...

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