PhosChem Announces Increased Volume To Existing DAP Contract With Indian Customers
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phosphate Chemicals Export Association, Inc. (PhosChem) announced an increase in volume to its existing diammonium phosphate (DAP) supply contract with its Indian customers. The volume will be increased by up to 500,000 tonnes from the initial 1.25 million tonnes agreed to earlier this year. Under the terms of the original contract, the price will be indexed to market pricing. Shipments for the increased tonnage will occur between August and October 2009. “This sale demonstrates that demand is rebounding in global markets,” said Steve Paxton, President of PhosChem. “This agreement also underscores PhosChem’s commitment and strong relationship with the leaders of the Indian fertilizer industry and support for our Indian customers.”
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