India signs first potash deal for $427 per ton
Belarussian Potash Co. (BPC), a trader for Belaruskali and Russian potash producer Uralkali, agreed Wednesday to ship potash to Indian Potash Ltd., a major fertilizer importer in India, from February 2013 until January 2014, Uralkali said in a statement.
BPC will charge $427 per ton for shipments to Indian Potash, which is $63 less than the previous contract price set in 2011. The previous supply agreement expired at the end of the first quarter of 2012. Shipments continued until August 2012.
India, a large importer of potash, had delayed signing any potash contracts in 2012. China delayed singing any contracts until the end of December. Both China and India’s delays caused supply to stockpile within the industry, pressuring prices.
India’s contract is expected to stabilize the global potash market, according to BPC’s CEO Valery Ivanov.
Analysts expected a slightly lower contract at $420 per ton, according to Businessweek.com.
Potash Corp has still to sign a contract with India, and is “optimistic” it will sign a deal with India within the first quarter of 2013, it has been reported.
Self-contained hydraulic system with power cables (hydraulic). Tandem Henschen axles (hydraulic). Hydraulic fenders. Manual or hydraulic tilt. 6,500-gallon tank.
- Ag markets proved rather volatile Wednesday morning
- Draft EIS comment period closes with Enlist support
- Launch of Open Ag Data Alliance supports farmer/data privacy
- MANA introduces Captan Gold
- Report: Australia could play larger role in Asian food security
- Anniversary at Bayer CropScience SeedGrowth conference
- Are you in favor of a federal labeling standard for food that might contain genetically modified ingredients?
- Commentary: Barking up the wrong tree
- Larson Electronics offers 150 Watt LED high bay light fixture
- Julie Borlaug says biotech is necessary in fight against hunger
- Water allocation for most drought-stricken Calif. farms to end
- CLA responds to EPA’s proposed worker protection standard
13-Ton Rotary Direct Drive Blender
Adams Fertilizer Equipment