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OCP, US Mississippi Phosphates, Extend Supply Contract
Jul. 11, 2012
Mississippi Phosphates Corporation (MPC) announced that it and OCP S.A. (OCP) have agreed to extend the term of their Agreement for the Purchase and Sale of Phosphate Rock dated August 27, 2009, through December 31, 2012. The Agreement was scheduled to expire on June 30, 2012. During the six-month extension, MPC intends to enter into discussions with OCP relating to the terms and conditions of a potential longer-term arrangement for the supply of phosphate rock to Mississippi Phosphates' Pascagoula, Mississippi plant.
Mississippi Phosphates Corporation is a Delaware corporation with its executive headquarters in Madison, Miss. Mississippi Phosphates Corporation owns and operates manufacturing facilities in Pascagoula, Miss., which produce diammonium phosphate, the most common form of phosphate fertilizer used as a source of phosphate on all major row crops.
Source: Market Watch
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