Canpotex Ltd. has announced that it has agreed to an annual contract with its government and private sector partners in India to supply approximately 1 million mt of potash for shipment through to March 31, 2015 at a price of US$322.00/mt on a CFR basis.
"We are very pleased to conclude these new supply contracts with our long-term Indian customers, and continue our role as a leading potash supplier to this important market,” said Steven Dechka, Canpotex president and CEO.
Dechka also confirmed that Canpotex intends to expand its market development programs in India to help provide Indian farmers with the educational and other tools needed to improve yields through balanced fertilization and best management practices. “We look forward to lending further support to Indian agriculture in collaboration with our Indian partners,” stated Dechka.