-Mosaic Enters into Memorandum of Understanding with Sinochem
The Mosaic Company (NYSE: MOS) today announced that it has entered into a memorandum of understanding (MOU) with Sinochem, China's largest agricultural inputs company.
As part of the MOU, Sinochem intends to purchase phosphate rock and phosphate fertilizers, including premium products, from Mosaic.
'We are pleased to build on our promising relationship with Sinochem,' said Mosaic President and CEO Joc O'Rourke. 'Sinochem is developing a Modern Agriculture Platform for China, and we a...