Uralkali, Indian Potash Limited joint venture potash supply

Uralkali, Indian Potash joint venture for potash supply

12:07 PM, 2nd April 2014
Uralkali, Indian Potash Limited joint venture business

BEREZNIKI, RUSSIA/NEW DELHI, INDIA: Uralkali, one of the world’s largest potash producers, has concluded a contract with Indian Potash Limited (IPL), the major Indian fertiliser importer, for potash deliveries between April 2014 and March 2015. The contract’s delivery price of potash fertiliser has been set at $322 per tonne on a CFR basis.

“Today’s agreement is a mutually beneficial one. India is a strategic market for Uralkali, and IPL is our long-term partner. We hope that the contract will help stimulate potash application rates in India, and support the country’s agriculture at the time of continued population growth and rising food demand. We expect that the conclusion of the Indian contract will boost the global potash market growth,” said Oleg Petrov, Director, Sales and Marketing, Uralkali.

 

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