Market Chatter: Canpotex, Sinofert Agree to 1 Million Tonne Potash Sale at Reduced Price

By Midnight Trader,  December 31, 2012, 11:45:10 AM EDT

The Canpotex marketing agency for three of the largest potash producers in Canada has agreed to sell 1 million tonnes of the crop nutrient in the first half of 2013 to a major Chinese customer, The Globe and Mail reports.

Canpotex says the price will reflect a US$70 per tonne decrease in the contract price established in March, 2012.

The agreement is with a subsidiary of Sinofert, China's largest integrated agriculture company and a long-time partner of Canpotex.

Canpotex is jointly owned by Potash Corp. of Saskatchewan, Agrium and Mosaic Corp., a U.S. company with major potash operations in Saskatchewan.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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