Phosagro to Sell $150 Million of Urea With CF Industries’ Trader

OAO Phosagro (PHOR), a Russian fertilizer maker, agreed to ship $150 million worth of urea to Switzerland- based Keytrade AG from September this year through August 2013, according to an e-mailed statement today.

Keytrade is a fertilizer trader half-owned by Phosagro competitor CF Industries Inc. (CF), according to the Swiss company’s website.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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