After four months of hard negotiations, on June 6, 2023, the China Import Potassium Fertilizer Joint Negotiation Group and the international potassium fertilizer supplier Canpotex reached an agreement on the 2023 potassium fertilizer import contract, agreeing to a new standard potassium chloride import price of CFR usd307/ton, a decrease of usd283/ton compared to the 2022 contract price, a year-on-year decrease of 48%, and valid until December 31, 2023. Other terms remain unchanged.

This negotiation continues to maintain China's advantageous position as a "price depression" in the global potassium fertilizer market, further ensuring the supply of national potassium fertilizer resources and making better contributions to national agricultural production and food security.