July 21, 2017 / 3:20 PM / 2 years ago

Canpotex signs China potash supply contracts at higher price

A Canpotex rail car waits to be loaded with potash at the Rocanville Potash Corp mine in Saskatchewan September 30, 2010. REUTERS/David Stobbe

WINNIPEG, Manitoba (Reuters) - Canpotex Ltd, the offshore sales agency for North America’s biggest producers of potash fertilizer, said on Friday that it signed supply contracts with Chinese customers for shipments of 1.4 million tonnes through 2017.

Canpotex, owned by Potash Corp of Saskatchewan POT.TO, Mosaic Co (MOS.N) and Agrium Inc AGU.TO, said the deals represent a price increase of $11 per tonne from last year’s agreement.

Reporting by Rod Nickel in Winnipeg, Manitoba

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