Canpotex Limited Announces Sale of 1.5 Million Metric Tons of Canadian Potash To Sinochem Corporation

Canpotex Limited Announces Sale of 1.5 Million Metric Tons of Canadian Potash To
Sinochem Corporation 


LAKE FOREST, Ill., Dec. 11  /PRNewswire-FirstCall/ -- IMC Global Inc.  announced
today that Canpotex Limited (Canpotex), through its international marketing
company, Canpotex International Pte. Limited, has sold 1.5 million metric tons
(plus 10 percent shipping tolerance) of Canadian standard grade potash to
Sinochem Corporation (Sinochem) covering 2004 calendar year sales.  This
contract covers the first year of the three-year Memorandum of Understanding
signed August 7, 2003.

Chinese Premier Wen Jiabao and Canadian Prime Minister Jean Chretien witnessed
the contract signing in Ottawa this morning.

Despite record ocean freight levels at this time, this contract provides an FOB
Vancouver price increase over 2003 pricing comparable to the recently reported
agreement between International Potash Company and China National Agricultural
Means of Production Group Corp. of US$2.50 per metric ton. The total value of
the contract is estimated at more than CDN$240 million.

Canpotex member companies are:  IMC Global (NYSE:IGL), Agrium Inc. (Agrium)
(NYSE: AGU; TSX), and Potash Corporation of Saskatchewan Inc. (PotashCorp)
(NYSE: POT; TSX).

IMC Global supplies Canpotex with 36.67 percent of its potash product, Agrium
9.13 percent and PotashCorp 54.20 percent.

Canpotex Limited of Saskatoon, Saskatchewan was established in 1970 and is the
exclusive offshore marketing company for its members, the Saskatchewan potash
producers.

With 2002 revenues of $2.1 billion, IMC Global is the world's largest producer
and marketer of concentrated phosphates and potash crop nutrients for the
agricultural industry and a leading global provider of feed ingredients for the
animal nutrition industry.  For more information, visit IMC Global's Web site at
imcglobal.com . 

DATASOURCE: IMC Global Inc.



CONTACT:  Investors and Media, David A. Prichard of IMC Global Inc.,

[phone],  



Web site:  http://www.imcglobal.com/ 

Copyright