Canpotex reaches potash supply deal with China at discount

Mon Dec 31, 2012 9:16am EST
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WINNIPEG, Manitoba Dec 31 (Reuters) - North American potash producers have struck a six-month agreement to supply the crop nutrient to a subsidiary of China's Sinofert Holdings Ltd at a sharp US$70 per tonne discount from the last contract price.

Canpotex Ltd, the offshore sales agency for Potash Corp of Saskatchewan, Mosaic Co and Agrium Inc , said it would supply Sinofert Fertilizer Macao Commercial Offshore Ltd with 1 million tonnes of potash for the first half of 2013.