PotashCorp cuts production
Potash Corp. of Saskatchewan Inc. said Feb. 25 that consistent with its practice of matching supply with market demand, the Allan and Lanigan operations will take the following potash inventory adjustments:
- Allan will curtail production for four weeks, beginning March 20, 2016
- Lanigan will curtail production for four weeks, beginning March 20, 2016
PotashCorp said it is opting to achieve these curtailments through the use of maintenance shutdowns, which do not require temporary workforce layoffs. It estimates the curtailments will reduce 2016 production by approximately 400,000 mt.
Industry sources also reported this week that PotashCorp had cut river and inland warehouse pricing to $240-$245/st FOB, down approximately $20/st.