Need To Know News

Potash Corp, the world’s largest producer of potash, fell 11% or C$22.19 on the TSX today on speculation that fertilizer prices have peaked. The decline is the steepest drop since Feb-00 for the company.

Speculation has been fueled by comments made by Russia OAO Uralkali that it would freeze the price of potash at $149/metric ton for the rest of this year.

This entry was posted on Tuesday, August 5th, 2008 at 3:38 pm and is filed under Ag, CA: Canadian. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.