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Agrium Inks Phosphate Supply Deal with OCP

8:37 AM MDT | September 29, 2011 | Lindsey Bewley

Agrium says it has inked a long-term supply agreement with OCP (Casablanca), the national phosphates company of Morocco, to purchase phosphate rock to supply Agrium's Redwater, AB phosphate facility. The phosphate rock from OCP will replace the phosphate rock currently supplied from Agrium’s mine at Kapuskasing, ON. The deal is expected to be completed by the end of the fourth quarter.   The agreement covers rock supply for a period up to 2020 and offers downside protection to Agrium in periods of low phosphate prices. “Agrium has worked...

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