OAO Uralkali, the world’s largest potash producer by output, increased prices for China by 17.5 percent for the second half of the year.
Belarusian Potash Co., a joint venture trader of Uralkali and Belaruskali, agreed to supply potash to Chinese importers at $470 a metric ton, Uralkali said in a statement today. They paid $400 a ton in the first half, Uralkali’s website shows.
BPC will supply 500,000 tons to China’s Sinochem and China National Agricultural Means of Production Group Corp. in the period, with an option for 200,000 tons more, Uralkali said.
Uralkali, based in Berezniki, Russia, is in talks on potash supply contracts with India, Chief Executive Officer Vladislav Baumgertner told reporters yesterday in Moscow. Prices for India will probably be higher than for China, he said.