Canpotex Limited, owned by Agrium Inc. (TSX:AGU,NYSE: AGU), Mosaic Canada Crop Nutrition, LP, Potash Corporation of Saskatchewan Inc. (TSX:POT, NYSE:POT) announced that it has signed an agreement with that Sinochem Fertilizer Macao Commercial Offshore Limited to supply 1,000,000 tonnes of potash in the first half (January – June) 2013 at price levels which include a US$70.00 per tonne reduction from the last contract price established in March, 2012.
As quoted in the press release:
Sinofert is China’s largest integrated agricultural company and a long-term business partner of Canpotex. Sinofert and Canpotex continue to collaborate on extensive market development programs in China that provide Chinese farmers with the educational tools needed to improve yields through balanced fertilizer application and other best farming practices.
Get Our Expert Guide to Potash Investing FREE!Download this FREE Special Report, What is Potash? From Types of Potash to Potash Stocks