PhosChem announces increases in Indian contracts

LINCOLNSHIRE - Phosphate Chemicals Export Association Inc. announced an increase in volume to its existing diammonium phosphate supply contract with its Indian customers.

The volume will be increased by up to 500,000 tons from the initial 1.25 million tons agreed to earlier this year.

Under the terms of the original contract, the price will be indexed to market pricing.

Shipments for the increased weight will occur between August and October 2009.

PhosChem was founded in 1974 in accordance with the provisions of the Webb-Pomerene Act and is the export marketing association for its members.