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Canpotex agrees potash supply contracts with Indian Potash and Chinese customers

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World Fertilizer,

Canpotex has agreed to a contract with its long-term customer, Indian Potash Ltd. (IPL), for potash shipments through to 31 December 2020, at a price of US$230/t on a CFR basis.

“Potash plays an important role in growing more food in India, and Canpotex looks forward to continuing to supply potash and support farmer education programmes in this expanding and important market, “said Gordon McKenzie, President and CEO of Canpotex.

Canpotex has also agreed to contracts with its traditional customers in China for potash shipments up to 31 October 2020. Selling prices under these contracts reflect prevailing market conditions.

“Canpotex is pleased to conclude contracts with our customers in China and to continue to supply potash to this important market, “said McKenzie. “In addition to these contracts, we are seeing strong support for agriculture in our export markets, as most governments have prioritised agriculture and fertilizer as essential industries in support of food security in their respective countries.”

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India fertilizer news