Arab Potash Company signs supply agreements in Indian market

AMMAN — The Arab Potash Company (APC) has signed its supply contracts in the Indian market with its customers Indian Potash Limited (IPL) and ZuariAgro.

The agreements were signed by APC President and CEO Maen Nsour, according to an APC statement. 

Nsour commented in the statement that the selling price agreed upon with customers in India is “in line” with the current pricing level adopted in India. 

Nsour further added that the cost and freight selling price amounts to $280 per tonne.

APC Chairman of the Board of Directors Jamal Al Sarayrah said in the statement that the APC “highly appreciates” the "valuable relations" it has with its main customers in India — IPL and ZuariAgro — which have lasted for more than 26 years.