OREANDA-NEWS. Uralkali (LSE: URKA) informs that its trader Uralkali Trading has reached an agreement with CNAMPGC, a major Chinese fertiliser importer, on delivery of an optional quantity within the framework of 2013 contract.

Major contract parametres:

Supply volume 500 000 tonnes

Agreement period 29 July 2013 - 31 December 2013

Oleg Petrov, Uralkali Director for Sales and Marketing, commented:

“We are sure that this agreement will contribute to potash fertiliser consumption by Chinese agricultural producers. In China we can see that potash is significantly under-applied compared to the volumes recommended by scientists. We believe that this agreement will provide certainty for the global potash market and the basis for overall growth of sales volumes in H2 2013”.