PLYMOUTH, Minn., April 16 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE:MOS) announced today that Canpotex Limited, the export association of Saskatchewan potash producers, has reached a potash supply agreement with Sinofert in China for the remainder of calendar 2008. The new contract calls for shipment of one million tonnes of potash at $576 per tonne, FOB Vancouver, representing a $400 per tonne increase over the price in 2007.
"We are pleased that Canpotex has finalized negotiations with our Chinese customers and we look forward to resuming shipments to them soon," stated Jim Prokopanko, Mosaic's President and Chief Executive Officer.
Canpotex members include a subsidiary of The Mosaic Company, Agrium Inc., and Potash Corporation of Saskatchewan Inc.
About The Mosaic Company The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at http://www.mosaicco.com/. http://www.newscom.com/cgi-bin/prnh/20060331/MOSAICLOGO http://photoarchive.ap.org/ DATASOURCE: The Mosaic Company CONTACT: media, Linda Thrasher, +1-763-577-2864, or investors, Christine Battist, +1-763-577-2828, both of The Mosaic Company Web site: http://www.mosaicco.com/
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