Canpotex Signs MOUs with India Customers

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Canpotex confirms that it has signed Memorandums of Understanding (MOUs) with three of its customers in India: Indian Potash Limited, Coromandel International Limited, and Chambal Fertilisers and Chemicals Limited. These MOUs confirm Canpotex’s willingness to supply, and each customer’s willingness to acquire, up to 500,000MT of potash annually during the period from January 1, 2023, to December 31, 2025. The potash sales will be dependent on Canpotex reaching agreement on acceptable commercial terms, including price, with each customer, with the timeliness of negotiations also being an important factor.
 
“Canadian potash is vital to India’s food security and Canpotex has been a reliable supplier to India for 50 years,” said Gordon McKenzie, Canpotex President and CEO. “Canpotex is committed to supporting India’s potash needs as their agriculture sector continues to grow, particularly in light of current restrictions on Russia and Belarus.”