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Commodities Briefing - Categorized | Agriculture, Market Moves more

PotashCorp forecasts weaker 2014

Posted on 03 February 2014

Potash Corp of Saskatchewan reported a weaker than anticipated outlook this year, as CEO Bill Doyle observed that 4Q13 “was a challenger quarter.” “Pricing headwinds, most notably in potash persisted as global markets struggled to find stability,” Doyle said.
“Although we witnessed potash demand begin to return in certain regions, most notably in North America, where fall application was underway, limited buyer engagement in contract markets kept offshore shipments at muted levels,” he said. “In this environment, prices eroded and put pressure on gross margin for both the quarter and the full year.”……………………………………….Full Article: Source


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