Canpotex has agreed to supply China’s Sinofert with 1 million mt of potash during the first half of 2013 at $400/mt CFR. The price is down $70/mt from the previous deal. While the price was down more than some had expected, observers were optimistic as to the large tonnage. Share prices of the three Canpotex participants, PotashCorp, The Mosaic Co. and Agrium Inc. went up after the news came out at the end of 2012.
Transparency Across the Fertilizer Value-Chain