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Potash sales consortium Canpotex announced new 3-year deal with Sinofert

2015-01-13 03:30:38| Chemicals - Topix.net

Canpotex Ltd. says it has a new three-year memorandum of understanding with Sinochem Fertilizer Macao Commercial Offshore Ltd. calling for the sale of a minimum of 1.9 million tonnes of red standard grade potash over the term of the agreement. In addition, Sinofert has the option to purchase up to 2.4 million tonnes, or 800,000 metric tons per year, of other grades of potash during the term of the MOU, according to a statement issued Monday by Canpotex, the offshore sales arm of some of Canada's leading potash producers.

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