Source: TradingMarkets.com

Sinofert Holdings Limited recently sealed a memorandum of understanding with three Canadian potash producers on exclusive potash supply by the latter for a term of three years.

On Oct. 20, 2010, Sinochem Macao, an indirectly wholly owned subsidiary of Sinofer Holdings, inked the MOU with Canpotex International Pte. Limited (on behalf of Canpotex Limited) under which they agreed on the supply of Canadian potash by Canpotex to Sinochem Macao from 1 Jan. 1, 2011, to Dec. 31, 2013. Canpotex Limited is equally owned by Potash Corporation and another two Canadian potash producers.

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