After purchasing a stake in Karnalyte Resources, inking an 8% discount guarantee with Encanto and locking in Belorussian Potash at $427 per tonne, buyers from India have just announced an additional deal for 1.1 million tonnes of K from Canpotex. The shipments will run until January 2014.

Steven Dechka, Canpotex's President and Chief Executive Officer, stated that this agreement demonstrates the continued importance Canpotex places on the Indian market and on supporting its loyal and long-term customer base in that market.

"We are very pleased to sign supply contracts with our long-term Indian customers, and to continue our history of being a leading supplier to this important market. We look forward to meeting India's future growing potash needs in collaboration with our Indian partners,” stated Dechka.

Dechka also stated that Canpotex will continue to collaborate with its Indian customers in implementing new market development programs in India, designed to provide Indian farmers with the educational tools needed to improve yields through balanced fertilization and best management practices.

Photo credit: geirt.com / Foter.com / CC BY

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