NEWS
Wed Apr 23, 2014 01:30 PM CDT

OTTAWA (Dow Jones) -- Canada has signed a $40 million contract to sell potash to Bangladesh, the first such deal negotiated with the South Asian nation by Canadian Commercial Corp., a federal agency that handles government-to-government contracting.

The mineral, which is used in fertilizers, will be sold by Canpotex Ltd., a potash marketing company owned by Agrium Inc. (AGU), Potash Corp. of Saskatchewan Inc. (POT) and a unit of Mosaic Co. (MOS).

The contract includes an option for Canpotex to sell another $20 million worth of potash, according to a statement Wednesday from Canada's ministry of foreign affairs, trade and ...

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