Latest FERTECON News
Mar 28, 2014
28/03/2014 RIR Uralkali may conclude a contract for the supply of potassiumchloride to India's largest importer of fertilizer, Indian Potash Ltd (IPL),for a price of $325 to $330 per ton, Bloomberg said, citing informationobtained from Fertecon. Uralkalirepresentatives did not comment on the report. In the past, Uralkali has supplied potassium chloride toIndia through JSC Belarusian Potash Company, a joint trader with Belaruskali.The contract with IPL in 2013 was for one million tonnes of potassium chloride(the partners divided the volumes roughly equally) at $427 per ton. In Julylast year, Uralkali stopped exporting through the Belarusian Potash Company andannounced their transition to the “volumes above prices” sales strategy. However, keeping in mind the change of the main shareholdersin the Russian potash company, market participants expect that the trading partnershipwith Belaruskali will be resumed.