Indian fertilizer producer MFL has awarded its April 2 tender for 15,000 mt of potash to IPL. MFL received two offers, one from IPL at $324/mt CFR and another from Uzagro at $330/mt CFR, both with 180 days credit. Representatives in the country are currently in negotiations over a new potash supply contract deal for 2015. The current price is $322/mt CFR with 180 days credit and the IPL/Uzagro offers should help suppliers in negotiations for a price increase.
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