|
BIZCHINA> Top Biz News
![]() |
|
Sinofert sees China potash shortage, eyes early contract
(Agencies)
Updated: 2008-05-06 17:01 Sinofert Holdings Ltd, China's largest distributor of imported fertilizers, expects a shortage of up to 3 million tons of potash this year in China after imports fell by about half and tight supplies pushed prices significantly higher.
China is the world's largest fertilizer market and the biggest importer for potash, which is used to boost crop yields. Its importers agreed in April to pay more than triple what they did a year ago -- or as much as $670 per ton, analysts say -- to secure potash supplies, but overall imports still fell about half from last year. "We expect the tight supply of potash around the world to remain in 2009. We will try to secure our 2009 import contracts at an early date," Yang said. Sinofert's revenue and profit are expected to rise at least 20 percent this year on soaring fertilizer prices, he added. (For more biz stories, please visit Industries)
|
云梦县| 东源县| 冕宁县| 纳雍县| 益阳市| 徐汇区| 布尔津县| 佛教| 仁寿县| 临清市| 新巴尔虎左旗| 长丰县| 竹北市| 龙门县| 安泽县| 石阡县| 泽州县| 汶川县| 固阳县| 曲靖市| 海兴县| 咸宁市| 兴海县| 建宁县| 六盘水市| 七台河市| 红原县| 麻阳| 永康市| 南雄市| 渭南市| 定州市| 利津县| 武冈市| 易门县| 西贡区| 广灵县| 和林格尔县| 龙川县| 宾川县| 德令哈市|