PLYMOUTH, Minn., July 27 /PRNewswire-FirstCall/ -- The Mosaic Company
(NYSE: MOS) announced today that Canpotex, the export association for
Saskatchewan potash producers, has finalized a potash supply agreement with
Sinofert, a large fertilizer distributor in China, for a $25 per tonne price
increase for the remainder of calendar year 2006. Mosaic has a 35.37% share
of Canpotex shipments.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060331/MOSAICLOGO )
"We are pleased that an agreement was finally reached, and we look forward
to renewing shipments to this important customer," said Fritz Corrigan,
President and Chief Executive Officer.
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers
of concentrated phosphate and potash crop nutrients. For the global
agriculture industry, Mosaic is a single source of phosphates, potash,
nitrogen fertilizers and feed ingredients. More information on the company is
available at http://www.mosaicco.com .
SOURCE The Mosaic Company