International Potash to Supply 400,000 Tons to India

(Corrects attribution in second paragraph.)

International Potash Co., a trader of the fertilizer ingredient for Russian producer OAO Uralkali (URKA), agreed to supply 400,000 metric tons to India by year-end, industry consultant Fertecon Ltd. said in a report obtained by Bloomberg News.

IPC, as the trader is known, will supply potash to India on the same terms as Belarusian Potash Co., Uralkali’s main trader, Uralkali Head of Sales Oleg Petrov told reporters on Aug. 4. Belarusian Potash agreed to sell potash to India for $490 a ton.

IPC will stop working with Uralkali at the end of this year, the company said in June.

Alexei Sotskov, a spokesman for Berezniki-based Uralkali, said he couldn’t comment immediately on the Fertecon report when Bloomberg News called.

To contact the reporters on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net; Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net.

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net.

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