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Reuters reports that Intrepid Potash Inc (NYSE:IPI) posted its second straight market-topping quarterly profit as potash sales rose 44 percent on increased demand for grains.
Reuters reports that Intrepid Potash Inc (NYSE:IPI) posted its second straight market-topping quarterly profit as potash sales rose 44 percent on increased demand for grains.
The market news is quoted as saying:
Rising crop prices are giving strong incentives to farmers to maximize yield, which entails applying more fertilizer, thus helping fertilizer companies like Potash Corp and Mosaic Co clock good sales numbers.