Agrium Spokesperson, in Response to Report of Weak Potash Demand, Says Potash Market has Firmed in Past Week
Richard D. Downey, Vice President, Investor/Corporate Relations for Agrium (NYSE: 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.
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