Canpotex potash sales fully committed through Sept

Canadian potash distributor Canpotex is completely committed on volumes for potash sales through September because of robust demand in non-North American markets.

All potash volumes available for sale through 30 September are fully contracted following strong demand and engagement in all major offshore markets, the company said today. Canpotex is the joint marketing arm of Nutrien and North American fertilizer producer Mosaic.

The announcement comes less than a week after Canpotex and Indian fertilizer importer Coromandel International (CIL) settled a new Indian standard MOP contract price. Committed volumes from Canpotex could also include potash to be exported to China, though no official contract by Canpotex has been announced yet.

Canpotex has access to three Canadian marine terminals and one US marine terminal that moves its potash from railcars into ocean vessels.

By Taylor Zavala