Negotiations are taking place for Mexico to "purchase up to 500,000 tons annually" of fertilizer from Ukraine, the National Peasants Confederation, or CNC, said.

"For the first time, the CNC will participate in the importation and marketing of chemical fertilizers under a new arrangement to promote production in the countryside without intermediaries to regain Mexico's food security," Mexico's main peasant organization said in a statement.

CNC president and Sen. Gerardo Sanchez, of the Institutional Revolutionary Party, or PRI, met with industry representatives and "informed them that the purchasing potential exists ... at prices 30 percent lower, compared to those in effect on the international market," the agricultural organization said.

Ukraine is "the top country producing and exporting chemical fertilizers in the world," and the European country "has an interest in expanded cooperation with Mexico in agricultural matters," the CNC said.

Mexico produces 42 percent of the 2.6 million tons of fertilizer it uses annually, with imports accounting for the rest, the CNC said. EFE