Arab Potash Signs $145 Million Deal With China’s Sinofert
The agreement is part of a long-term memorandum of understanding under which Jordan will supply China with regular shipments of potash until 2013, Amman-based Arab Potash said in a statement on its website.
Among APC’s shareholders are the Potash Corporation of Saskatchewan, Canada, which has a 27.96 percent stake, and the government of Jordan, which holds 26.88 percent of APC.
China is among countries that are becoming more reliant on fertilizers to boost crop yields as the availability of arable land shrinks and populations grow.
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