23 May 2007 16:10 [Source: ICIS news]
ISTANBUL (ICIS news)--Canadian potash supplier Canpotex has agreed a $50/tonne (€37/tonne) increase for its contract price with Indian buyer Coromandel Fertilizers Ltd (CFL), market sources said on the sidelines of the IFA conference on Wednesday.
The increase will take the net price to $260/tonne CFR (cost and freight), sources added. The volume was undisclosed.
Producers are still yet to settle the 2007-2008 contract price with major Indian buyer Indian Potash Ltd (IPL), with some suppliers expected to visit ?xml:namespace>
Potash prices are rising globally on the back of strong demand and reduced supply.
Producers are aiming to raise prices to $300/tonne CFR in southeast Asian markets and
The IFA conference runs from 21-23 May in
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections