Lower Inventories for North American Potash
Reuters reported that shipments to China helped reduce North American potash inventories.
Reuters reported that shipments to China helped reduce North American potash inventories.
Reuters reported that North American stocks of potash were up in March.
San Francisco Chronicle reported that shares of potash companies were down on US crop inventory data. As quoted in the market news: Potash Corp., the world’s largest fertilizer producer by market value, fell as much as 4.3 percent before closing 35 cents lower at $43.45. Click here to read the full San Francisco Chronicle report.
Dmitri Rybolovlev’s recent sale of 53.2 percent of Uralkai stock to an investors group, led by Mr. Kerminov, has led to rumours of a significant merger in the potash industry. About $11 billion of fertilizer and agricultural-chemicals mergers and acquisitions have been announced or completed since the end of 2008.
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