BRIEF-K+S Says Potash Price Does Not Reflect Current Market Conditions

  • Reuters
  • Stock Market News
BRIEF-K+S Says Potash Price Does Not Reflect Current Market Conditions
Credit: © Reuters.

Feb 1 (Reuters) - K+S SDFGn.DE :

* K+S SAYS NOTED THAT THE PRICE AGREED FOR POTASH SUPPLIES IS SIGNIFICANTLY BELOW THE LEVEL CURRENTLY PREVAILING ON IMPORTANT EXPORT MARKETS

* K+S SAYS CONTINUING POSITIVE FUNDAMENTAL SITUATION OF THE AGRICULTURAL MARKETS AS WELL AS THE ASSOCIATED INCREASING DEMAND FOR POTASH FERTILIZERS IS NOT REFLECTED IN ANY WAY

* K+S SAYS FOR THE UPCOMING SPRING SEASON, VERY FAVORABLE DEMAND FOR POTASH FERTILIZERS CAN BE OBSERVED WORLDWIDE IN ALL IMPORTANT SALES REGIONS

* K+S SAYS AGAINST THIS BACKGROUND, K+S WILL REFRAIN FROM DELIVERIES TO INDIA GIVEN THE STATED CONDITIONS UNTIL FURTHER NOTICE

* K+S SAYS AT END OF LAST WEEK, BELARUSIAN POTASH CORPORATION (BPC) ANNOUNCED SIGNING OF AGREEMENT WITH INDIAN POTASH LIMITED (IPL) WITH ANNUAL VOLUME OF 800,000 TONNES AT PRICE OF $247 PER TONNE

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