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Sinofert (00297.HK) has entered into an agricultural products purchase and sales agreement with China National Chemical Corporation.
On December 2, Glonghui reported that Sinofert (00297.HK) announced that on December 2, 2024, Sinofert entered into a framework agreement for the purchase and sale of agricultural-related products with China Sinochem. According to this agreement, from January 1, 2025, to December 31, 2027 (including the first and last days), Sinofert Group will continue to purchase and/or sell agricultural-related products (including fertilizers, pesticides, and seeds) to the subsidiaries of China Sinochem within China. The company and Sinofert have entered into a framework agreement for the import of fertilizers with Sinochem Group, according to which, from January 1, 2025, to December 31, 2027 (including the whole period).
Citic sec: Global demand remains strong, and the leading potash fertilizer producer's production cut may raise prices.
Citic sec predicts that the supply and demand for global potassium fertilizer will be tight in 2025, and potassium fertilizer prices are expected to rebound from the bottom.
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