Canpotex Reaches Agreement with Sinofert
SASKATOON, Jan. 24, 2014 /PRNewswire/ – Canpotex Limited (Canpotex) announces
that it has reached agreement with Sinochem Fertilizer Macao Commerical
Offshore Ltd (Sinofert) for the supply of 700,000 metric tonnes (MT) of
potash to China during the first half of 2014. This new contract is
priced at current and competitive market levels.
Steven Dechka, Canpotex’s President and Chief Executive Officer, stated
that this agreement demonstrates the continued importance Canpotex
places on the Chinese market.
“We are very pleased to sign a supply contract with our long-term
Chinese customer, and to continue our history of being a leading
supplier to this important market. We look forward to meeting China’s
future growing potash needs in collaboration with our Chinese partner,”
Operating continuously since 1972, Canpotex is the exclusive offshore
marketing company owned by the three Saskatchewan potash producing
companies: Agrium Inc. (TSX and NYSE: AGU), Mosaic Canada Crop
Nutrition, LP, a subsidiary of The Mosaic Company (NYSE: MOS), and
Potash Corporation of Saskatchewan Inc. (TSX and NYSE: POT).
SOURCE Canpotex Limited