Sinofert Seeks Potash, Phosphate Mines to Meet China Food Demand

Sinofert Holdings Ltd., a unit of China’s largest chemicals trader, is seeking to buy potash and phosphate mines to meet fertilizer demand for improving crop yields in the world’s most populous nation.

“We are looking at assets both inside and outside China,” Senior Vice President Harry Yang said in an interview in Beijing. “So far we haven’t found anything economically workable. We’ll continue to keep our eyes open.”