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Canpotex and Sinofert Sign New Contract

12:03 AM MDT | March 21, 2012 | Deepti Ramesh

Canpotex says it has signed a contract with Sinofert (Beijing) to supply 500,000 m.t. of potash in the second quarter of 2012. The new contract includes an option to increase this tonnage by an additional 200,000 m.t. for delivery during that same period. Pricing is unchanged from the previous second-half 2011 contract. The contract is the third under the three-year memorandum of understanding signed with Sinofert in October, 2010. Canpotex is the exclusive offshore marketing company owned by the three potash producing companies – Agrium, Mosaic Canada Crop...

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