Canpotex, Sinofert sign new contract potash supply

Canpotex, Sinofert sign new contract for potash supply

10:54 PM, 21st March 2012
Canpotex, Sinofert sign new contract for potash supply

SASKATOON, CANADA: Canpotex Limited signed a contract with Sinofert Holdings Limited to supply 500,000 tonne of potash in second quarter of 2012. The new contract includes an option to increase this tonnage by an additional 200,000 tonne for delivery during that same period. Pricing is unchanged from the previous second half 2011 contract.

The contract is the third concluded under the three-year Memorandum of Understanding signed with Sinofert in October, 2010. Steven Dechka, Canpotex’s President and Chief Executive Officer, stated that this latest contract demonstrates the continued confidence Sinofert has in Canpotex’s ability to meet growing needs for potash in the China market.

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 programmes in China that provide Chinese farmers with educational tools needed to improve yields through balanced fertilizer application and other best farming practices.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Mazovia valley in Poland to become hub for green chemistry research

MAZOVIA, POLAND: The Mazovia valley in Poland is fast becoming a hub for green chemistry research in Europe thanks to a new research infrastructure th ...

Read more
Teijin to open CFRTP composite application centre in US

TOKYO, JAPAN/AUBURN HILLS, US: Teijin Limited, on April 1st will open the Teijin composites application centre (TCAC), a technical centre to develop a ...

Read more
River cleanup activities as a part of World Water Day 2012

SINGAPORE: China, India, Nepal and Philippines are in partnership for trash cleanup activity of rivers. The United States partner in the Trash Cleanup ...

Read more
Chemical firms join momentum of World Water Day 2012

SINGAPORE: As part of the International World Water Day 2012, focussed on ‘Water and food security,’ some chemical companies have joined h ...

Read more
Many countries support World Water Day 2012

SINGAPORE: With a globally connected world, many countries have taken the opportunity of the World Water Day 2012 as a way to create awareness among i ...

Read more
‘The world is thirsty, because we are hungry’

ROME, ITALY: The United Nations has called for a celebration on 22 March, as the International World Water Day, as a means of advocating sustainable m ...

Read more