Uralkali Slashes Potash Production Forecast

Reuters reported that Uralkali (LSE:URKA) lowered its 2012 output forecast citing slower global demand.

As quoted in the market news:

Baumgertner said the company expected global consumption of potash to be flat year-on-year at no more than 57 million tonnes, while industry sales are likely to amount to less than that at up to 52-53 million tonnes.

Click here to read the full Reuters report.