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