PhosChem has reached a three-year agreement to supply six million tonnes of diammonium phosphate (DAP) to Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Indian Potash Limited (IPL). 

PhosChem will ship approximately two million tonnes annually under the multi-year contract.  Shipments will occur over the period of April 2010 through March 2013.  Shipments for the first year of the contract are at a fixed market competitive price.  

"This historic three-year contract between PhosChem, IFFCO and IPL underscores PhosChem's long-term commitment to India's expanding crop nutrient industry," said Steve Paxton, President of PhosChem. 

PhosChem is the largest exporter of concentrated phosphate from North America.  Its member companies include Mosaic Crop Nutrition, LLC, a wholly-owned subsidiary of The Mosaic Company, and PCS Sales (USA), Inc., an indirect, wholly-owned subsidiary of Potash Corporation of Saskatchewan Inc.