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1/2/2013 7:30:01 PM
Canpotex Limited, the offshore marketing company jointly owned
Potash Corporation of Saskatchewan Inc.
The Mosaic Company
), announced that it has signed a deal with Sinochem Fertilizer
Macao Commercial Offshore Limited, a subsidiary of China's
Sinofert Holdings Limited (Sinofert), to supply one million tons
of potash in the first half of 2013.
Sales in the quarter came in at $2,143 million, down 7.7% from $2,321 million a year ago, but beat the Zacks Consensus Estimate of $2,026 million. The year-over-year decline was due to reduced offshore potash sales arising from the delay of new supply contracts with China and India.
Potash Corp. retains a Zacks #4 Rank, reflecting a short-term
(1 to 3 months) Sell rating. Currently, we have a long-term (more
than 6 months) Neutral recommendation on the stock.
AGRIUM INC (AGU): Free Stock Analysis Report
MOSAIC CO/THE (MOS): Free Stock Analysis Report
POTASH SASK (POT): Free Stock Analysis Report
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