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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Fertilizer Firms Plan Production Cutbacks

9:20 AM MST | December 15, 2008 | Rebecca Coons

PotashCorp, Agrium, and K+S Group (Kassel, Germany) say they are cutting back fertilizer production, citing lackluster demand in the fourth quarter and expectations of further weakening early next year. PotashCorp says it plans to reduce its 2009 potash output by 2 million m.t., with curtailments beginning in January 2009. “Farmers, like any other consumer, are feeling the impact of the global financial crisis,” the company says. Agrium says it stopped production in late November at its Fort Saskatchewan, AB facility, which has the capacity to produce...

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