09 July 2009 12:28 [Source: ICIS news]
LONDON (ICIS news)--North American potash marketer Canpotex has concluded potassium chloride (MOP) contracts in South Korea at a price representing a decrease of around $200/tonne (€144/tonne), a company source said on Thursday.
The potash seller announced that it had concluded second half 2009 contract business with customers in ?xml:namespace>
This price represents a decline of approximately $200/tonne on the first half 2009 contracts that Canpotex agreed with South Korean customers.
No quantities were disclosed in either case.
Today’s announcement follows Canpotex’s recent conclusion of second half 2009 contract business in Japan at an average delivered price of over $700/tonne CFR. This price was also around $200/tonne lower than the price agreed for the first half of 2009 shipments.
Canpotex is the offshore potash marketing company for Agrium, Mosaic and PotashCorp.
($1 = €0.72)
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