Uralkali has announced that Uralkali Trading, (a wholly-owned subsidiary of Uralkali), has concluded a contract with Indian Potash Ltd (IPL) for potash deliveries between October 2019 and 31 March 2020.
The contract delivery price for potash fertilizers is undisclosed but according to Uralkali has been set at as per the market level.
Alexander Terletsky, Uralkali Trading CEO, commented: "The price under the new contract with India, which is one of the historical pricing benchmarks, gives a fair reflection of current conditions in the global potash market. We remain confident in the potash industry’s fundamentals, and do believe that the new contract will boost demand for potash fertilizers in the key consumption markets."