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PhosAgro Signs Potash Supply Contract with Belaruskali

24 November 2014
Moscow – PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it has signed a contract for the supply of muriate of potash (“MOP”) for 2015 from Belaruskali.

PhosAgro CEO Andrey Guryev said: “This contract enables us to continue to successfully hedge our risks related to the supply of MOP to PhosAgro’s production facilities in Volkhov and Cherepovets.”

PhosAgro’s annual MOP purchase from Belaruskali and Uralkali could reach up to 800 ths tonnes, depending on the grates of NPK/PKS fertilizers it produces.