Canpotex signs potash deals with Indian companies

REGINA – Saskatchewan’s premier is heralding two new agreements that will see increased potash exports to India.

Brad Wall, who is on a week-long trade mission, witnessed separate deals between the off-shore marketing arm of Saskatchewan potash producers, Canpotex, and Coromandel International Ltd. and Tata Chemicals Ltd.

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The government says millions of tonnes of potash will be shipped to India over the next few years.

Wall’s itinerary in India included a visit to an agricultural business fair where he addressed 600 farmers on the importance of potash.

In 2013, Saskatchewan led Canada in exports to India totalling almost $1 billion.

A recent report by the Saskatchewan-Asia Advisory Council recommended the province triple its exports to Asia by 2020.