Uralkali, Moscow, announced this morning its subsidiary Uralkali Trading has concluded a contract with Indian Potash Limited (IPL), India’s biggest potash importer, for potash deliveries between October 2019 and March 31, 2020.
Market sources late Oct. 24 confirmed that India had settled its first potash supply contract for 2019/20 at a $10 discount to last year’s contract price, meaning a new contract price of $280/mt CFR with 180 days’ credit versus last year’s $290/mt CFR. However, at the time it was not known which supplier had settled with IPL.
Uralkali in today’s statement did not confirm the price agreed with IPL, saying only that “the contract delivery price for potash fertilizers has been set at as per the market level”.