Belarusian Potash Company, on Wednesday, announced that it had signed a contract to supply one million tonnes of potash to Indian Potash Ltd (IPL) at $427 per tonne.

In a statement issued here, Belarusian Potash Company (BPC), a joint venture trader of global potash major Uralkali and Belaruskali, said it would supply potash to IPL from this month to January 2014. “The delivery price of potash fertiliser for India has been set at $427 per tonne on a CFR basis. BPC's shipments under the contract with IPL will total 1 million tonnes of potash,” the statement said.