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

PotashCorp to Reduce Production Further

10:22 AM MDT | May 21, 2009 | Deepti Ramesh

PotashCorp says it plans to cut its production of potash by an additional 0.4 million m.t. in 2009, bringing the total reductions in production until now to 3.9 million m.t. This reduction in output aims to match supply with market demand, PotashCorp says. “While short-term demand deferrals are uncomfortable, we always manage with a long-term view,” says Bill Doyle, president and CEO of PotashCorp. “Demand will inevitably return and – regardless of when that happens – we will be patient and preserve our assets until they are...

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