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PhosAgro reports US$1B deal to supply fertilizer to India

PJSC PhosAgro, said Oct. 5 that Indian Potash Ltd. agreed to purchase up to 2 million tonnes of fertilizer produced by PhosAgro from 2019 to 2021, valued at about US$1 billion.

The parties also plan to consider the joint implementation of investment projects in the mineral fertilizer sector, including associated infrastructure and introduction of advanced technologies.

PhosAgro CEO Andrey Guryev said this agreement will "increase the volume and expand the range of phosphorus-based fertilizers supplied to India."