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Publish Date : 03-Apr-2014

Uralkali, one of the world's largest potash producers, has concluded a contract with Indian Potash Limited (IPL), the major Indian fertiliser importer, for potash deliveries between April 2014 and March 2015.

The contract's delivery price of potash fertiliser has been set at USD 322 per tonne on a CFR basis. Uralkali's volumes under the contract will total 800,000 metric tonnes of KCl.

Oleg Petrov, Uralkali Director of Sales and Marketing, commented:

"Today's agreement is a mutually beneficial one. India is a strategic market for Uralkali, and IPL is our long-term partner. We hope that the contract will help stimulate potash application rates in India, and support the country's agriculture at the time of continued population growth and rising food demand. We expect that the conclusion of the Indian contract will boost the global potash market growth."

Uralkali (www.uralkali.com) is one of the world's largest potash producers with a share of about 20% in global potash production. The Company's assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca.11,800 people (in the main production unit). Uralkali's shares and GDRs are traded on the Moscow Exchange and LSE, respectively.

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