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AIM-quoted African Potash (AFPO) has agreed a price of $500 (£329) a tonne for 50,000 tonnes of potash-based fertiliser material it has agreed to supply to the Zambian market under a recent Memorandum of Understanding (MOU) in a deal which Dr Chris Cleverly, the company’s executive chairman, suggests will deliver an expected pre-tax profit margin of 6%. The price compares with recent market prices of around $300 a tonne and is higher than many were expecting for this deal.
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