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Continued: Potash cartel collapse sends Mosaic shares down 17%

  • Article by: MIKE HUGHLETT , Star Tribune
  • Last update: July 30, 2013 - 9:39 PM

Still, Mosaic has extensive operations in phosphate-based fertilizer, which is unaffected by the potash turmoil. And Mosaic is robust financially, Stranghoener said. “We have a very strong balance sheet, the strongest in the industry,” he said.

Farmers would likely react favorably to falling potash prices, which could help the industry. “At significantly lower prices, this equation will tilt more in favor of the farmer, which in turn could bolster demand globally,” Cox wrote.

Mike Hughlett • 612-673-7003

 





 

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