Belarus signs new potash supply contract with India at $227/T

Mon Jun 27, 2016 7:28am EDT
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MINSK, June 27 (Reuters) - Belarus has signed a new potash supply contract with India, Belarus Potash Company, its state-controlled trader, said in a statement on Monday.

Under the new contract, Belarus will supply 700,000 tonnes of this crop nutrient at $227 per tonne on a cost and freight basis (CFR).

The supplies will start from July 1 with a 180-days of the payment grace period, the company added. (Reporting by Andrei Makhovsky; writing by Polina Devitt; editing by Vladimir Soldatkin)