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Fly News Breaks for February 29, 2016
MOS, POT
Feb 29, 2016 | 09:00 EDT
Cleveland analyst Mike Piken lowered Potash and Mosaic estimates on a weaker potash outlook for 2016 following India's announcement that it would remain out of the market until June and Canpotex's downward revisions to its 1H16 potash export forecasts. The analyst is now assuming a $10-$15 per ton decrease in US pricing in second half 2016.
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