21 Aug 2009 14:40

Silvinit again sends complex fertilizer producers contracts on potash supplies

PERM. Aug 21 (Interfax) - Russian fertilizer producer Silvinit on Thursday re-sent producers of complex fertilizers contracts on supplies of potash chloride, the company's press service said.

Silvinit sent contracts to Acron , Dorogobuzh , Kirovo-Chepetsk Chemical Works, Voskresensk Mineral Fertilizers and Rossosh-based Mineral Fertilizers (Minudobreniya) on the supply of 247,500 tonnes of potash chloride before the end of 2009 based on requests submitted by the companies.

The price of the potash chloride has been set at 3,955 rubles per tonne until the end of the year as recommended by the Industry and Trade Ministry. The contracts envision changes in potash chloride prices as determined by the Federal Antimonopoly Service.

Earlier in August, the aforementioned companies sent Silvinit a joint letter accusing one of its affiliates, Mineral Trading LLC, of offering potash chloride contracts that envision prices for domestic producers being directly dependent on export prices.

Silvinit issued a statement accusing the companies of "not signing potash chloride contracts and not explaining why." Silvinit said other companies, such as EuroChem Mineral Chemical Company and Meleuz-based Minudobreniya, have already signed long-term contracts.