Potash Corp, Mosaic Agree to Phosphate Price Hike with India

Mining Weekly reported that Indian buyers agreed to a phosphate price hike.

The market news is quoted as saying:

The deal was reached between PhosChem, Potash Corp and Mosaic’s phosphate marketing arm, and two large unnamed Indian customers for sales through March 2012. It represents a $65/t increase over first half shipments.

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