Canpotex signs MoU to supply 1.9m tonnes potash to Sinofert over two years

By James Sean Dickson
Published: Tuesday, 13 January 2015

A substantial MoU with Sinofert shows Canpotex strengthening its presence in the Chinese market and could pave the way for future growth in the region. However Sinofert’s increasing domestic production capacity and the yet to be determined prices under the MoU cast some uncertainty over the deal.

Canpotex Ltd, the joint-owned trading arm of the Mosaic Co., Agrium Inc. and Potash Corp. of Saskatchewan (PotashCorp.) has signed a memorandum of understanding (MoU) with Sinochem Fertilizer Macao Commercial Offshore Ltd (Sinofert) for the provision of at least 1.9m tonnes red standard grade potash between 1 January 2015 and 31 December 2017....

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