North American potash inventories rose in OCT

World’s largest producer of the crop nutrient, Potash Corp, reported that North American producer inventories rose 165,000 tonnes in October, reversing a three-month long downward trend in inventory levels.

The news release is quoted as saying:

Potash inventories had risen steadily through the first-half of 2009, despite major production cuts, as farmers concerned about exorbitant pricing and hurt by the credit crunch had deferred fertilizer application.

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