Uralkali has entered into an agreement to sell potash to China and India for $290/mt CFR, according to the Russian news media, however, the company says these are small volumes and are substantially lower than traditional contracted deliveries.
“There are signed contracts (on supplies) to China and to India under $290/mt,” Uralkali’s main shareholder Dmitry Mazepin told reporters. “We have signed a small-scale contract on minor volumes to be supplied to China under that price, though it is several times smaller compared with our traditional volumes.”