Canpotex Announces New Sale to India

Saskatoon, Feb. 19 /CNW/ - Canpotex has concluded a new second-quarter supply contract to India covering shipments through June 2010 at a contract price of US $370.00/MT CFR. This new contract, totalling approximately 600,000 MT, is with a consortium of buyers which includes Coromandel International Limited and Tata Chemicals Limited.

Canpotex is the offshore marketing company owned by the three Saskatchewan potash 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).

Agrium supplies Canpotex with 9.28% of its potash product, Mosaic 37.11%, and PotashCorp 53.61%.

For further information: Richard Downey, Senior Director, Investor Relations, Agrium Inc., Tel: [phone], [email protected]; Christine Battist, Director, Investor Relations, The Mosaic Company, Tel: [phone], [email protected]; Denita Stann, Senior Director, Investor Relations, Potash Corporation of Saskatchewan Inc., Tel: [phone], [email protected]