Caution from one of the world’s largest potash producers is likely to temper 2013 potash demand figures, but will not significantly change projected growth for the industry as a whole.
Articles Tagged "Potash demand"
With potash contract prices dropping to the lowest level seen in years, the potash sector does not appear ready to rebound just yet.
With wide-eyed ambition, BHP Billiton hopes its Jansen project will change the potash industry. But not everyone agrees.
Potash producers are optimistic about their 2013 demand projections, however, some financial firms remain skeptical.
Reuters reported that Uralkali plans to cut potash output by 2 million tonnes in the December to March to curb excess supply.
Reuters reported that PotashCorp has forecast global potash shipments to increase in 2013.
Bloomberg reported that Mosaic may be forced to decrease potash output again, due to waning demand.
PotashCorp's (TSX:POT, NYSE:POT) announced that their earnings for Q3 fell by 21 percent per share, year-over-year, due to falling sales to China and India.
MarketWatch reported that Russian potash miner Uralkali lowered projections for Q4 and for 2012, blaming dwindling demand in China and India.
Weak monsoon rains are wreaking havoc on India’s agricultural markets, and the prospect of drought is unsettling assumptions about upcoming potash demand.