Concentrated phosphate and potash crop nutrients producer Mosaic Company has entered into a memorandum of understanding (MoU) with Sinochem, China’s largest agricultural inputs company, for the supply of phosphate rock and phosphate fertilisers, including premium products.
“We are pleased to build on our promising relationship with Sinochem.
“Sinochem is developing a modern agriculture platform for China and we at Mosaic look forward to partnering with Sinochem to contribute to this important progress for Chinese farmers,” Mosaic president and CEO Joc O’Rourke said in a statement on Wednesday.
The MoU is aimed at establishing a mutually beneficial relationship through which Mosaic can contribute to Sinochem’s success by providing it with both expertise and products.
Terms and conditions of the purchases are to be outlined in a separate contract between the two parties.