Agrium Spokesperson, in Response to Report of Weak Potash Demand, Says Potash Market has Firmed in Past Week

Loading...
Loading...
Richard D. Downey, Vice President, Investor/Corporate Relations for Agrium
AGU
told Benzinga via email, that while there is a delay in contract negotiations with China and India, which has pressured potash prices, it appears the potash market has firmed in the past week. Downey said demand in the U.S. is expected to remain strong in the spring, with an early spring season and expected increase in corn acreage. Shares of potash issues sold off on a report that demand had dropped off significantly. Agrium shares traded as low as $86.55 on Thursday.
Posted In: NewsRumorsManagementExclusivesMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...