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Canpotex Signs Potash Supply Deal with India, Matches Uralkalli’s Price
May. 08, 2015 08:51AM PST
Potash InvestingReuters reported that Canpotex has agreed to a supply contract with India for 1.3 million tonnes, a deal that prices the product at $332 per tonnes on a cost and freight basis until March 31, 2016.
Reuters reported that Canpotex has agreed to a supply contract with India for 1.3 million tonnes, a deal that prices the product at $332 per tonnes on a cost and freight basis until March 31, 2016.
As quoted in the market news:
The deal prices potash until March 31, 2016 at $332 per tonne on a cost and freight basis, up $10 year over year, and matching Indian terms for Russian rival Uralkali.
Canpotex is owned by Potash Corp of Saskatchewan (TSX:POT,NYSE:POT), Mosaic Co (NYSE:MOS) and Agrium Inc (TSX:AGU,NYSE:AGU).