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Potash Stocks Declining On Weak Guidance From World's Largest Potash Producer

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Potash Stocks Declining On Weak Guidance From World's Largest Potash Producer
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Vladislav Baumgartner, CEO of OAO Uralkali, the world's largest producer of potash, released a forecast for the price of the chemical overnight that sent shares of potash companies globally lower.

Baumgartner said that his firm expects prices to fall 25%, sending shares of Mosaic (NYSE: MOS) lower by 15.43%, Potash (NYSE: POT) by 15.86%, and Agrium (NYSE: AGU) lower by 12.49 percent.

Posted-In: OAO Uralkali Vladislav BaumgartnerNews Guidance Movers Best of Benzinga

 

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