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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (489)8/22/2003 10:30:55 PM
From: RealMuLan  Read Replies (1) of 6370
 
China to Buy More Fertilizer; IMC to Provide Up to 75%

The Phosphate Chemicals Export Association Inc. announced a new trade agreement that will send more than 4 million metric tons of fertilizer to China through 2005. IMC Global Inc., the parent company of Mulberry-based IMC Phosphates Co., will provide from 67 percent to 75 percent of those shipments, mostly from its New Wales manufacturing plant in Southwest Polk, said David Prichard, a company spokesman. The new agreement with a Chinese government agricultural agency provides for shipping 400,000 metric tons of phosphate through December in addition to 1 million metric tons the agency agreed to buy earlier this year. It agreed to buy 1.9 million metric tons each in 2004 and 2005. The agency will purchase diammonium phosphate (DAP) fertilizer based on the global market price at time of shipment. IMC owns a 70 percent share of the export association and is its largest DAP supplier

theledger.com
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