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PotashCorp Cuts Prices for U.S. Customers, Takes Analysts by Surprise
Dec. 14, 2012 07:59AM PST
Potash InvestingThe Financial Post reported that this week’s pricing cuts by PotashCorp of Saskatchewan for U.S. customers were surprising, given their rash of recent mine shutdowns.
The Financial Post reported that this week’s pricing cuts by PotashCorp of Saskatchewan for U.S. customers were surprising, given their rash of recent mine shutdowns.
As quoted in the market report:
National Bank Financial analyst Robert Winslow, who cut his fiscal 2013 and 2014 EPS forecasts for Potash Corp. on the news, noted that the company takes a “matching supply with market demand” approach to help support prices.