Credit Suisse Downgrades Fertilizer Stocks

Agrimoney reported that Credit Suisse downgraded fertilizer stocks on higher potash inventories and lower demand.

As quoted in the market news:

The comments came as Canada-based PotashCorp, the world’s biggest potash group by capacity, revealed that stocks of the nutrient held by North American producers jumped by more than 510,000 tonnes last month, taking them 32% above average levels.

Click here to read the full Agrimoney report.