FARM BUSINESS NEWS
Shares Down for Potash Corp.
Fri Oct 25, 2013 05:56 PM CDT

(The Globe and Mail) -- Potash Corp. of Saskatchewan Inc. has cut its profit outlook for this year due to weak demand after the breakup of a Russian-Belarussian potash cartel sent prices of fertilizer tumbling.

The Saskatoon-based company, the world's biggest potash producer, said on Thursday it would now earn between $2 to $2.20 a share this year, down from its previous forecast of between $2.45 and $2.70 per share.

The weaker forecast from Potash Corp. reflects difficulty the industry faces following the Belarus Potash Co. breakup in July. Russia's OAO Uralkali withdrew from a partnership it had with rival ...

Quick View
Related News Stories
Yara, CFI Abandon Merger Talks
DTN Retail Fertilizer Trends
DTN Retail Fertilizer Trends
Saskatchewan Crop Report
DTN Retail Fertilizer Trends
Mosaic Cuts Production
DTN Fertilizer Outlook