Potash (POT) says strong consumption trends in 2012 were masked by global distributor inventory...

|About: Potash Corporation of Saska... (POT)|By:, SA News Editor

Potash (POT) says strong consumption trends in 2012 were masked by global distributor inventory destocking, and sees 2013 world potash shipments of 55M-57M tons vs. an estimated 51M tons in 2012. POT says significant tonnage has been contracted for H1 delivery but foresees lower potash prices. Also, POT suspends talks to buy Israel Chemicals due to "political events."