UPDATE 2-Agrium sees Canpotex potash deal with India Feb-March

Wed Jan 30, 2013 5:31pm EST
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* Tone of pricing set with China - CEO

* Canpotex deal to give India discount

* Sees 2013 global potash shipments 54-56 mln tonnes

* Agrium not considering spinoff of potash business

By Rod Nickel

Jan 30 (Reuters) - Canadian fertilizer company Agrium Inc expects North American potash producers to strike a deal with Indian importers in February or March, ending a long standoff, Chief Executive Mike Wilson said on Wednesday.

Agrium, along with rivals Potash Corp of Saskatchewan and Mosaic Co sell potash to off-shore markets through the jointly owned Canpotex Ltd.

Canpotex negotiates contracts with buyers in China and India, setting a floor for spot sales to other markets such as Brazil.

China held out months longer than expected before agreeing to a six-month potash contract with Canpotex in late December, while India remains on the sidelines.   Continued...