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BPC signs potash supply deal with Yara
Belarusian Potash Co has signed a long-term agreement with Norway-based Yara for the supply of potash.
BPC - the joint venture trader of Uralkali and Belaruskali - will supply Yara with more than 1 million tonnes of potash fertilisers per year from 2011 until 2015.
The price will be calculated according to a combination of market indicators.
BPC says the long-term contract with Yara is one of the largest in the potash industry's history.
It adds: "The scope of the contract demonstrates that the global potash market is recovering and that the demand for potash continues to grow."
Story provided by StockMarketWire.com
13/12/2010