Mosaic to slow Canadian potash production
July 16 (Reuters) - Mosaic Co will run its Canadian potash mines at less than 75 percent of capacity collectively for maintenance in the current third quarter, as prices for the crop nutrient slip.
The U.S. fertilizer company will curtail production at its Colonsay, Saskatchewan, mine, Chief Financial Officer Larry Stranghoener said on Tuesday, adding that Mosaic may curtail output at other mines, depending on demand.
The company also said it expects Canpotex Ltd, the offshore selling agency for Mosaic, Potash Corp of Saskatchewan and Agrium Inc, to close a potash supply contract with Chinese buyers for the second half near the end of the third quarter.
- Colorado baker discriminated by denying gay couple wedding cake: judge
- WTO overcomes last minute hitch to reach its first global trade deal
- Flights delayed as air pollution hits record in Shanghai
- Amish girl in Ohio will not be forced to resume chemo for cancer
- South Africa mourns Mandela, will bury him on December 15 |