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Uralkali signs agreement on potash shipments to India

8:42 AM MDT | April 1, 2014 | Deepti Ramesh

Potash producer Uralkali (Berezniki, Russia) says that it has signed a contract with Indian Potash Ltd. (New Delhi), a major Indian fertilizer importer, for potash deliveries between April 2014 and March 2015, at $322/m.t. cfr. Uralkali’s volumes under the contract will total 800,000 m.t. This is the lowest price in seven years for potash sold to India, and is about 25% lower than last year's price of $427/m.t. cfr, press reports say. “Today’s agreement is a mutually beneficial one,” says Oleg Petrov, director/sales and marketing at...

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