A South African court decision, allowing the seizure of a cargo ship with 50,000 tonnes of phosphate, could open the door to renewed challenges of Canadian imports from a disputed territory in the deserts of North Africa.
Two Canadian companies, Potash Corp. and Agrium Inc., last year accounted for nearly half of all exports of phosphate from Western Sahara, a territory claimed by Morocco since 1975. Those shipments could face new scrutiny and more intense legal challenges as a result of the South African court decision.
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on Twitter:- Potash Corporation of Saskatchewan Inc
$22.37-0.02(-0.09%)
- Agrium Inc
$124.67-0.12(-0.10%)
- Updated May 12 4:00 PM EDT. Delayed by at least 15 minutes.