PotashCorp Cuts Earning Forecast

Reuters reported that PotashCorp (TSX:POT, NYSE:POT) reduced its full-year earning forecast again, blaming delays with Chinese and Indian buyer contracts.

As quoted in the market report:

Indian fertilizer buyers are unlikely to agree to new potash contracts until December at the earliest, the head of Indian Farmers Fertiliser Co-operative (IFFCO), one of India’s biggest fertilizer makers, said last week.

Click here to view the full Reuters report.