Thursday 25 October 2012
Potash Corp. of Saskatchewan Inc. slashed its profit outlook and set plans to curtail output at two mines amid a standoff between the world’s largest potash producers and consumers.
Major customers are deferring potash purchases as they balk at high prices for the crop nutrient, used to boost yields in farms around the world .
Sales expected this year are now likely to be booked early next year.
Source: Argentine Beef Packers S.A.
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