Sinochem Fertilizer Macao Ltd. and Arab Potash Co. (APC) signed their 2023-2025 Memorandum of Understanding (MOU) during the IFA Strategic Forum held in Washington, DC, on Oct. 31-Nov. 2, Sinofert reported in a Nov. 1 statement on its website.
According to the MOU, Sinochem Fertilizer will continue to be the exclusive agency for the marketing of potash from APC in China between 2023 and 2025.
“This MOU is an extension and further development of the MOU both sides signed during the 1st China International Import Expo in 2018,” said Sinochem Fertilizer Macao Ltd. Chairman Feng Mingwei.
The statement did not disclose the volumes to be supplied under the new MOU.