Mosaic Co. said Jan. 8 that it signed a memorandum of understanding to supply phosphate rock and phosphate fertilizers, including premium products, to Sinochem Fertilizer Co. Ltd.

Sinochem is China's largest agricultural inputs company.

The companies will outline terms and conditions of the purchases in a separate contract.

"Sinochem is developing a modern agriculture platform for China, and we at Mosaic look forward to partnering with Sinochem to contribute to this important progress for Chinese farmers," said Mosaic President and CEO Joc O'Rourke.

Mosaic recently secured the final permit for its Ona phosphate project in Florida's Hardee County.