http://in.rbth.com/economics/2015/03/10/...ract_with_india_41871.html
The world of potash fertilizers is eagerly waiting for the signing of a new contract between Uralkali and buyers from China, the worlds largest consumer of potash (14-14.5 million tons in 2014). The price that China eventually pays, acts as a benchmark for other market participants, including India (4.3 million tonnes), for which the price is usually set a bit higher than for China.
However, in February, Uralkali announced that the contract with India, for the first time in seven years, might be signed before the one with China, because the latter has large reserves.
The company said it plans to sign a new contract with India in late March-early April. As for China, there is no certainty yet. Oleg Petrov, Sales and Marketing Director, did not rule out the possibility that no new contract would be signed with China. He, however, added that the company, as before, expects to charge 10% more for its products, in comparison to last years prices ($305 per ton). Notwithstanding these developments, Uralkali still expects to see a decline in its sales in the two largest Asian countries in 2015. However, the manufacturer does not expect things to change with Brazil (9.1 million tonnes), other Latin American countries and the United States.
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