PhosChem Announces 1 Millon Metric Tonne DAP Contract With India

13-Feb-2008

Phosphate Chemicals Export Association, Inc. (PhosChem) has reached an agreement to supply one million metric tonnes of diammonium phosphate (DAP) to a key Indian customer during the next 13 months. Under the terms of this new contract, the price will be indexed to market pricing. Shipments will occur during the period of March 2008 through March 2009.

"India has a large and growing import requirement and we are delighted to conclude an agreement of this magnitude. This agreement reflects continued strong demand in the international phosphates market," stated Steve Paxton, President of PhosChem.

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