PotashCorp to Curtail Production at Allan and Lanigan Operations

Potash Corporation of Saskatchewan (TSX:POT,NYSE:POT) will curtail production at its Allan and Lanigan operations in light of current difficult market conditions for potash.
As quoted in the press release:

Consistent with PotashCorp’s practice of matching supply with market demand, our Allan and Lanigan operations will take the following potash inventory adjustments:
·       Allan will curtail production for four weeks, beginning March 20, 2016
·       Lanigan will curtail production for four weeks, beginning March 20, 2016
We are opting to achieve these curtailments through the use of maintenance shutdowns, which do not require temporary workforce layoffs. We estimate the curtailments will reduce our 2016 production by approximately 400,000 tonnes.

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