Glossary of Terms
2007E
2007 Estimated
2008F
2008 Forecast
CAGR
Compound Annual Growth Rate
Canpotex
An export company owned by all Saskatchewan producers of potash (PotashCorp, Mosaic and Agrium)
CFR
Cost and Freight – for delivery of goods to destination
Consumption vs Demand
Product applied vs product purchased
FOB
Free on Board – cost of goods on board at point of shipment
FSU
The former Soviet Union
GDP
Gross Domestic Product
Greenfield
New operation built on undeveloped site
Latin America
South America, Central America, Caribbean and Mexico
LNG
Liquid Natural Gas
MMBtu
Million British thermal units
MMT
Million tonnes
North America
The North American market includes Canada and the United States
Offshore
Offshore markets include all markets except Canada and the US.
Operational Capacity
Equipment in a state of readiness to produce. While operational capacity is increased at mechanical completion of a project, a period of ramp-up may be required to achieve full operating levels.
PhosChem
An association formed under the Webb-Pomerene Act for US exports of phosphate fertilizer products. Members are PotashCorp and Mosaic. PCS Sales is responsible for export sales of liquid fertilizers for all PhosChem members while Mosaic is responsible for sales of solid fertilizers for members
PotashCorp
Potash Corporation of Saskatchewan Inc. (PCS) and its direct or indirect subsidiaries, individually or in any combination, as applicable
State- or Subsidy-Controlled Production
State-controlled: Operational control in the hands of the state
Subsidy-controlled: The state provides subsidies which control the economic viability of the operation
SCIENTIFIC TERMS
Nitrogen
NH3
ammonia (anhydrous), 82.2% N
HNO3
nitric acid, 22% N (liquid)
UAN
nitrogen solutions, 28-32% N (liquid)
Phosphate
P2O5
phosphoric acid (liquid)
MGA
merchant grade acid, 54% P2O5 (liquid)
DAP
diammonium phosphate, 46% P2O5 (solid)
MAP
monoammonium phosphate, 52% P2O5 (solid)
SPA
superphosphoric acid, 70% P2O5 (liquid)
MCP
monocalcium phosphate, 48.1% P2O5 (solid)
DCP
dicalcium phosphate, 42.4% P2O5 (solid)
DFP
defluorinated phosphate, 41.2% P2O5 (solid)
Potash
KCl
potassium chloride, 60-63.2% (solid)
FERTILIZER MEASURES
K2O tonne
Measures the potassium content of fertilizers having different chemical analyses
P2O5 tonne
Measures the phosphorous content of fertilizers having different chemical analyses
N tonne
Measures the nitrogen content of fertilizers having different chemical analyses
Product tonne
Standard measure of the weights of all types of potash, phosphate and nitrogen products