Canpotex Announces New Sale to India

Saskatoon, Feb. 19 /PRNewswire/ - Canpotex has concluded a new second-quarter supply contract to India covering shipments through June 2010 at a contract price of US $370.00/MT CFR. This new contract, totalling approximately 600,000 MT, is with a consortium of buyers which includes Coromandel International Limited and Tata Chemicals Limited.

Canpotex is the offshore marketing company owned by the three Saskatchewan potash producing companies: Agrium Inc. (TSX andNYSE: AGU), Mosaic Canada Crop Nutrition, LP, a subsidiary of The Mosaic Company (NYSE: MOS), and Potash Corporation of Saskatchewan Inc. (TSX andNYSE: POT).

Agrium supplies Canpotex with 9.28% of its potash product, Mosaic 37.11%, and PotashCorp 53.61%.

SOURCE Canpotex Limited