Low fertilizer sales plague potash companies
Mon, Jan 12, 2009
Potash Investing News reports potash sales have decreased in the last couple of weeks.
Just earlier this year global demand for fertilizer fell off as prices rose, adding to supplies and further depressing prices. In a typical year, 40 percent of annual fertilizer application occurs in the fall, but this year preliminary figures indicate that the rate was near half the anticipated amount. Fertilizer purchases are running about 60 percent of normal.
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Tags: agricultural products, Agrium, Companies, crop prices, economy, farmers, fertilizer application, fertilizer purchases, fertilizers, grain prices, Inventories, market, monsanto, mosaic, phosphate, potash, Potash Corp. of Saskatchewan, price, profit, s, sales, saskatchewan, shares, TSX
January 12th, 2009 at 1:30 pm
Enter Polyhalite, potentially the next generation Potash fertilizer.
I published some info here:
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=25739207&l=0&r=0&s=TEL&t=LIST