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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
8:20 AM MST | January 13, 2009 | REBECCA COONS
High Prices Likely to Come Down Fertilizer prices are expected to sag in the near-term, due to larger-than-anticipated inventories, analysts say. Fertilizer firms expect challenging demand conditions to persist this year and have announced drastic production cuts. PotashCorp says it will reduce potash output by 20%, or 2 million m.t., beginning this month. “Farmers, like any other consumer, are feeling the impact of the global financial crisis,” the company says. Slow potash demand is expected in the first quarter of 2009, with demand accelerating...
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