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PhosAgro and Belaruskali Sign Potash Supply Contract

24 February 2014
Moscow – PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it has signed a potash supply contract with Belaruskali.

PhosAgro CEO Andrey Guryev said: “Following last year’s breakup of the Belaruskali-Uralkali consortium, Russian NPK fertilizer manufacturers and agricultural producers, who account for approximately 2.1 million tonnes of demand per year, now have the option of buying potash from alternative suppliers based on which party can offer the best conditions.”