Uralkali has announced that Uralkali Trading SA (a wholly-owned subsidiary of Uralkali) has concluded a contract with Indian Potash Ltd. (IPL), the major Indian fertilizer importer, for potash deliveries between May 2015 and March 2016.
The contract delivery price for potash fertilizer has been set at an increase of US$10/mt on a CFR basis to the last year’s contract price of $322/mt CFR. Uralkali’s volumes under the contract will total 800,000 mt of KCl, including optional deliveries.
“This agreement represents a compromise, reflecting the current situation on the global potash market,” said Dmitry Osipov, Uralkali CEO. “The contract will undoubtedly become one of the major drivers for industry development, stimulating potash demand.”