Mosaic Slashing Potash Production by 20%

MarketWatch reported that Mosaic Corp. (NYSE:MOS) is cutting back on potash production due to falling prices.

As quoted in the market news:

Mosaic, the world’s largest phosphate producer, had already announced phosphate production cuts in December. But the company had until now resisted potash reductions despite cuts by competitors. Prokopanko said last month that potash “is in balance for our situation.”

Click here to read the full MarketWatch report.