Potash stock drops as company cuts output

[Johnnny]

Potash stock drops as company cuts output - The Globe and Mail

Potash Corp. of Saskatchewan (POT-T121.00----%) shares fell sharply Wednesday after the company said it would reduce output to cope with low demand for fertilizer from the world's farmers.

The stock fell more than 10 per cent, closing at $108.34 on the Toronto Stock Exchange.

“Lagging demand due to an extremely slow U.S. spring season and extended negotiations with offshore buyers are the reasons behind the shutdowns,” the company said in a statement

 

[TenPenny]

And yet, the new mine development in Sussex is going full speed ahead. Fortunately.

 

[petros]

SPC is the DeBeers of fertilizer. They control the market.

They over produced, stock piled and are currently EXPANDING using the surpluses during expansion closures and spring refit shut downs.