(Dow Jones) -- Canadian fertilizer company Agrium Inc. on Tuesday posted a better-than-expected fourth-quarter profit due in part to higher sales volumes and lower costs in its wholesale operations.
Calgary, Alberta-based Agrium's improved results came despite lower prices for potash, nitrogen and phosphate, all key crop nutrients.
Fertilizer prices have been weighed down over the past months by weak demand, partly due to a strong U.S. dollar, high inventories and low crop prices. Agrium noted that a combination of wet and warm weather in the U.S. also resulted in lower-than-expected fertilizer applications in the fall.
Still, Agrium said its net ...