POTASH
Potash Corporation of Saskatchewan, the crop-nutrient producer planning to merge with Agrium Inc, forecast lower-than-expected earnings for 2017 as it warned that new nitrogen-fertiliser plants in the US will weigh on prices. Fertiliser stocks dropped.
The Canadian company also said Thursday in a statement that it expects “challenging market fundamentals” in the phosphate-fertiliser market, and is assessing the valuation of the its phosphate assets, which may lead to a write down.
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