PhosChem Announces Agreement With CNAMPGC to Extend Current Multiyear Contract Through 2005

PhosChem Announces Agreement With CNAMPGC to Extend Current
Multiyear Contract Through 2005 


LAKE FOREST, Ill., Oct. 14  /PRNewswire-FirstCall/ -- The Phosphate Chemicals
Export Association Inc. (PhosChem) today announced it has agreed with China
National Agricultural Means of Production Group Corporation (CNAMPGC) to extend
the current multiyear contract through 2005.  Under the terms of this
agreement, PhosChem will supply CNAMPGC with up to 1.9 million metric tons of
DAP, including a mutual option for 300,000 tons.  The DAP will be shipped
during calendar 2005 at prices reflecting the market at the time of shipment.

"I am pleased to report that including shipments requested in the current
quarter, 2004 contract volumes will be achieved by CNAMPGC," said Steven H.
Paxton, President of PhosChem.  "Our two companies have enjoyed an excellent
working relationship for many years and this extension continues the strategic
alliance between PhosChem, the world's largest exporter of concentrated
phosphates, and CNAMPGC, the largest distributor of crop nutrients in China."

PhosChem was founded in 1974 in accordance with the provisions of the
Webb-Pomerene Act and is the exclusive export marketing association for its
members.  The Act was created to promote U.S. exports.  PhosChem member
companies are IMC Phosphates Company, a joint venture partnership between IMC
Global Inc. (NYSE:IGL) and Phosphate Resource Partners Limited Partnership
(NYSE:PLP); PCS Phosphate Company, Inc., a subsidiary of Potash Corporation of
Saskatchewan Inc. (NYSE:POT)(TSE:POT); and Mississippi Phosphates Corporation,
a subsidiary of Mississippi Chemical Corporation (OTC:MSPIQ) (BULLETIN BOARD:
MSPIQ) . 

DATASOURCE: IMC Global Inc.



CONTACT:  Doug Hoadley of IMC Phosphates Company, [phone],

 , or Melinda Hood of Mississippi Phosphates Corp.,

[phone],  , or Betty-Ann Heggie of PCS Phosphate

Company, [phone],  



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

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