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Uralkali Reaches Agreement on Potash Shipments to India
25.10.2019
Uralkali (the Company; Moscow Exchange: URKA), one of the world’s largest potash producers, announces that Uralkali Trading (a wholly-owned subsidiary of Uralkali) has concluded a contract with Indian Potash Limited (IPL), the major Indian importer of fertilizers, for potash deliveries between October 2019 and 31 March 2020.
The contract delivery price for potash fertilizers 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.
Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore treatment plants in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca. 12,000 people in the main production unit. Uralkali’s shares are traded on the Moscow Exchange.