Canpotex Ltd, the offshore potash seller for three North American fertilizer producers, said on Friday it has agreed to a supply contract with Indian buyers for 1.3 million tonnes.

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, Mosaic Co and Agrium Inc.