# Gensource enters offtake agreement with North American agriculture company | World Fertilizer

> Gensource Potash signed a definitive, binding offtake agreement with a senior North American agriculture company for 100% of output from one 250,000 tpy potash module in Saskatchewan. The deal follows a non-binding MoU announced in March 2018 and includes a right of first refusal on expansion output. The company says it is now moving to complete project financing.

- Date: 2018-05-21 · published 2018-05-21T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65337-gensource-enters-offtake-agreement-with-north-american-agriculture-company
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The offtake secures a buyer for a future potash supply source but the project is not yet financed or built, so its effect on near-term potash supply is limited. It is a minor supply-side development for potash markets.

## Read by commodity

- POTASH: neutral

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/potash/21052018/gensource-enters-offtake-agreement-with-north-american-agriculture-company/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.