Canpotex Reaches Agreement with Indian Customers
SASKATOON, April 4, 2014
SASKATOON, April 4, 2014 /PRNewswire/ - Canpotex Limited (Canpotex) is pleased
to announce that it has agreed to an annual contract with its government and
private sector partners in India to supply approximately 1 million tonnes of
potash at a price of US$ 322.00 per tonne on a CFR basis.
Steven Dechka, Canpotex's President and Chief Executive Officer, stated that
this new agreement demonstrates once again the importance Canpotex places on
the Indian market and on supporting its loyal and long-term customer base in
"We are very pleased to conclude these new supply contracts with our long-term
Indian customers, and continue our role as a leading potash supplier to this
important market," stated Dechka.
Dechka also confirmed that Canpotex intends to expand its market development
programs in India in future to help provide Indian farmers with the
educational and other tools needed to improve yields through balanced
fertilization and best management practices. "We look forward to lending
further support to Indian agriculture in collaboration with our Indian
partners," stated Dechka.
Operating continuously since 1972, Canpotex is the exclusive offshore
marketing company owned by the three Saskatchewan potash producing companies:
Agrium Inc. (TSX and NYSE: AGU), Mosaic Canada Crop Nutrition, LP, a
subsidiary of The Mosaic Company (NYSE: MOS), and Potash Corporation of
Saskatchewan Inc. (TSX and NYSE: POT).
SOURCE Canpotex Limited
Contact: Richard Downey, Vice President, Investor, Corporate Relations, Agrium
Inc., Tel: 403.225.7357, email@example.com; Laura Gagnon, Vice President,
Investor Relations, The Mosaic Company, Tel: 763.577.8213,
firstname.lastname@example.org; Denita Stann, Vice President, Investor and Public
Relations, Potash Corporation of Saskatchewan Inc., Tel: 306.933.8521,
email@example.com; Mark Kaplan, Vice President, Public Affairs, The
Mosaic Company, Tel: 763. 577. 2887, firstname.lastname@example.org
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