Brazil Potash has announced the signing of legally binding agreements with Amaggi Exportação e Importação Ltda., one of the world’s largest privately held soybean producers with complementary operations in agricultural farming, commodity trading, logistics operations, and energy production, and also with its logistics subsidiary Hermasa Navegação da Amazônia Ltda. The purchase agreement is for 500,000 tpy of potash, while the marketing agreement is to sell 1.9 million tpy of the remaining potash. The barge transportation agreement is to ship the initial planned 2.4 million tpy of potash of production to inland ports close to the most important farming regions in Brazil.
Sources: GlobalFert/World Fertilizer (*Translated by Ia Niani)