Canpotex Ltd has entered into a new three-year Memorandum of Understanding (MOU) with Sinofert Holdings Limited covering a minimum of 3.15 mt of potash at pricing to be negotiated every six months (January to June and July to December), based on market conditions.
Canpotex has concluded a new second-quarter potash supply contract to India covering shipments through June 2010 at a contract price of US $370.00/mt CFR.
The world recession has slowed bulk movements in North America and placed several long-term projects on hold. However, it has also given ports, railroads and terminal operators breathing space to accomplish long overdue maintenance and repair work.
The Port of Prince Rupert in British Columbia has been selected as the site of a new potash exporting facility by Canada’s Canpotex, a major potash shipper.
