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Belarus Potash Co. and Indian Potash Ltd. renegotiate potash supply contract

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World Fertilizer,

Belarus Potash Co. (BPC) and Indian Potash Ltd. (IPL) have renegotiated a potash supply contract signed in January 2021, whereby the new contract price is set at US$280/t on CFR terms.

BPC said that the new agreement was possible "thanks to a balanced approach to doing business and a common desire for a balanced and reasonable development of the potash market, which is demonstrated by the parties to the agreement."

The original one-year contract signed in January was for the supply of 800 000 t of potash fertilizers to the Indian market US$247/t on CFR terms.

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