On Dec. 13, 2013, Sinochem Fertilizer Macao Commercial Offshore Limited and Canpotex entered into an MOU of exclusive sales in the China region for 2014, symbolizing the deepening of the cooperation between the two companies & guaranteeing the fundamental stability of domestic potash supply in China. Moreover, the two companies will jointly promote balanced fertilization and agrichemical service in China, so as to enhance rational fertilization and to increase farmers’ income and the crop yield.

        The intention of the cooperation for 2014 is 1 million tons. The final price will be subject to the outcome of the negotiations between the Chinese buying committee and the international suppliers for 2014.