(Corrects month in second paragraph to September, not October)
By Aaron Sheldrick
TOKYO, Oct 4 (Reuters) - Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $109.77 per tonne for supplies of thermal coal from Australia for the year through September 2019, according to a source with direct knowledge of the matter.
The agreed price, which serves as a benchmark for supplies of seaborne thermal coal in Asia, was 16 percent higher than the contract for the year through September this year. (Reporting by Aaron Sheldrick; editing by Richard Pullin)