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 ...

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