Canpotex Ltd, the offshore sales agency for North America's three biggest potash producers, has agreed on multi-year sales agreements with two Indian fertilizer companies, the government of the Canadian province of Saskatchewan said on Thursday. Coromandel International Ltd and Tata Chemicals Limited signed separate agreements to purchase the crop nutrient from Canpotex, which is owned by Potash Corp of Saskatchewan, Mosaic Co and Agrium Inc , the government said.Terms were not released. In April, Canpotex signed an annual agreement with Indian buyers to supply 1 million tonnes of potash at $322 per tonne on a cost and freight basis.Buyers from India and China purchase potash from North America on a contract basis, while buyers in the United States, Brazil and other markets typically pay more on the spot market.The shutdown this week of a flooded potash mine owned by Russia's Uralkali OAO has boosted price prospects for the nutrient.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU fell by 0.3% or $-0.31/share to $101.98. In the past year, the shares have traded as low as $82.02 and as high as $103.93. On average, 840325 shares of AGU exchange hands on a given day and today's volume is recorded at 857304.
Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 0.12% or $0.14/share to $115.74. In the past year, the shares have traded as low as $92.81 and as high as $117.56. On average, 556170 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 400368.
Potash Corporation of Saskatchewan Inc. (PCS) is an integrated fertilizer and related industrial and feed products company. Shares of POT traded higher by 1.13% or $0.4/share to $35.80. In the past year, the shares have traded as low as $30.09 and as high as $38.58. On average, 4537850 shares of POT exchange hands on a given day and today's volume is recorded at 17015108.
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