A consortium of fertiliser companies, led by Rashtirya Chemical and Fertilisers (RCF), is planning to enter into a long term agreement with Canadian potash developer Encanto Potash for the supply of muriate of potash (MOP). Further, RCF will be hiring a consultant for price negotiations for the long-term nutrient supply arrangement.
The Canadian company has offered to supply 2 million tonne (mt) MOP per annum on a long-term basis with 8% discount over ruling market price, which is currently around $500 a tonne. Meanwhile, the country imports 6.5 million tonne every year to meet its requirements.
RCF is one of the leading producers of fertilizers in India. Sujala, Suphala 15:15:15, Suphala 20:20:0, Ujjwala, Microla and Biola are its major fertilizer brands.
