PhosAgro, one of the world's leading vertically integrated phosphate-based fertilizer producers, has signed a contract for the supply of muriate of potash for 2015 from Belaruskali.

PhosAgro chief executive Andrey Guryev said, "This contract enables us to continue to successfully hedge our risks related to the supply of MOP to PhosAgro's production facilities in Volkhov and Cherepovets."

PhosAgro's annual MOP purchase from Belaruskali could reach up to 800,000 tonnes, depending on the grates of NPK/PKS fertilisers it produces.