Fundamentals of Potash Industry Still in Place: PotashCorp CEO

The Globe and Mail reported that PotashCorp’s (NYSE:POT, TSX:POT) CEO is assuring investors about the strength of the industry despite a tumble in stock price last week on news that Russian potash producer OAO Uralkali is moving out on its own.

As quoted in the Globe and Mail report:

And while the headlines have been dramatic, the fundamentals of the business haven’t changed, Mr. Doyle said.“Potash is not like shoes,” he said. “… If you cut the price of potash in half, farmers are not going to take twice as much. They only need so much.

To view the whole Globe and Mail report, click here.