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Coromandel Intl seals 5-yr import deal with Potash
Oct. 29, 2010 05:34PM PST
Potash InvestingEconomictimes.com reports that Coromandel International (NSE:COROMANDEL) has seals a five-year potash supply deal with Canada’s Potash.
Economictimes.com reports that Coromandel International (NSE:COROMANDEL) has seals a five-year potash supply deal with Canada’s Potash.
The market news is quoted as saying:
India imports around 5 million tonne of this key soil nutrient annually and the price secured in this deal could set the benchmark for subsequent import agreements. “It is a significant supply deal,” Fertiliser Association of India (FAI) chief Satish Chander told ET but added that price and not the availability was not the problem for India, the world’s biggest importer of the commodity.
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