As all eyes look to China for a possible competing offer for PotashCorp , the country’s fertiliser needs are increasingly in the limelight.
Sinochem, the chemicals group that also handles China’s potash imports through its subsidiary Sinofert, has said it is paying “close attention” to the progress of BHP Billiton’s $39bn hostile offer for the Canadian fertiliser producer.
Underlying this interest is a mineral that China relies on to fulfil a goal considered paramount to national security – self-sufficiency in grain production.
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