Price level & benchmarks (as of Q2–June 2026) - Global spot MOP (KCl) in key importing markets is anchored in the upper‑$300s CFR by 2026 contracts: - China 2026 annual MOP import contract settled at 348 USD/t CFR in Nov 2025, setting the price floor for 2026 trade into Asia. - India 2026 standard MOP contract agreed at 383 USD/t CFR (delivery Jun–Dec 2026), in line with SE Asia spot at 385–410 USD/t; this effectively sets a global benchmark for mid‑2026 shipments. - Spot/assessed prices around early 2026: - USA: ~397 USD/t in March 2026 according to IMARC potash pricing (bulk MOP). - China: ~

Price level & benchmarks (as of Q2–June 2026) - Global spot MOP (KCl) in key importing markets is anchored in the upper‑$300s CFR by 2026 contracts: - China 2026 annual MOP import contract settled at 348 USD/t CFR in Nov 2025, setting the price floor for 2026 trade into Asia. - India 2026 standard MOP contract agreed at 383 USD/t CFR (delivery Jun–Dec 2026), in line with SE Asia spot at 385–410 USD/t; this effectively sets a global benchmark for mid‑2026 shipments.

- Spot/assessed prices around early 2026: - USA: ~397 USD/t in March 2026 according to IMARC potash pricing (bulk MOP). - China: ~374 USD/t March 2026; prices edging up with seasonal demand. - Brazil (granular, CFR Santos): around mid‑300s USD/t in late‑2025; Price‑Watch reports Q2‑2025 MOP at 363 USD/t CFR Santos with a cautiously bullish tone into Q3 and limited new supply; this level plus the higher 2026 Asia contracts indicates mid‑300s to low‑400s CFR Brazil by mid‑2026.

- Analysts describe early‑2026 potash prices as “firm to stable” and “stable to slightly bullish”, supported by tight but adequate supply and strong fertilizer demand. Supply: structure & 2026 outlook - Market concentration: Canada, Russia, and Belarus dominate global export supply. - Capacity & production: - Global potash capacity ~65.2 Mt K₂O in 2024, projected 67.6 Mt by 2026, driven mostly by MOP projects in Laos and Russia.

- Further capacity to 76 Mt K₂O by 2028 from new mines in Belarus, Brazil, Canada, Ethiopia, Morocco, Spain. - Globa

What this means for buyers

Procurement teams should maintain flexible sourcing strategies for Potash given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.