Potash Corp. Says Market ‘Paralyzed’ by Russia’s Move
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Potash Corp. of Saskatchewan Inc., North America’s largest fertilizer producer, said global markets for its namesake crop nutrient are “paralyzed” in the wake of OAO Uralkali’s withdrawal from a joint venture with Belarus.
“We’ve seen very little volume movement” in the past month, Potash Chief Financial Officer Wayne Brownlee said today at an investor conference in New York. “In the offshore market, volumes have been essentially paralyzed.”