Mosaic Co : Saskatchewan Potash for Burma (Myanmar)
05/17/2012| 04:03pm US/Eastern
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SASKATOON, SK, May 17,
2012/PRNewswire/ - Canpotex Limited (Canpotex) plans
to make its first potash shipment to
Myanmarfollowing the removal of economic
sanctions by the Government of Canadaagainst
Myanmar.
"The relaxation of economic sanctions and export
prohibitions following democratic reforms in
Myanmarallows Canpotex to expand into this new
market," stated Steve Dechka, President and
Chief Executive Officer of Canpotex. "We look forward to
providing potash that will contribute to higher crop yields
and improved livelihoods of
Myanmar'scitizens."
The export of Canpotex potash fertilizer to developing
countries over the past forty years has resulted in an
increase in economic prosperity in those countries as their
farmers develop better fertilization methods and grow more
and better crops.
Canpotex plans to further support this new market through the
introduction of its market development programs to
Myanmar. "Our programs, which have
been operational since 1983, have helped farmers in many
parts of the world receive the training and support they need
to achieve improved crop yields through better agricultural
and fertilizer management practices," noted Steve
Dechka.
Operating continuously since 1972, Canpotex is the
exclusive offshore marketing company owned by the three
Saskatchewanpotash producing companies: Agrium
Inc. (TSX and NYSE: AGU), Mosaic Canada Crop Nutrition, LP, a
subsidiary of The Mosaic Company (NYSE: MOS), and Potash
Corporation of Saskatchewan Inc. (TSX and NYSE: POT).
SOURCE Canpotex Limited
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