Potash Corp of Saskatchewan (POT.TO: Quote, Profile, Research) is poised for significant growth in the next five years as soaring grain prices give farmers the means to pay more for fertilizer, the company's chief executive said on Wednesday.
"We have a lot of pricing power. We're nowhere near peak pricing," Bill Doyle told investors at a Toronto conference held by RBC Capital Markets.
"We clearly aren't experiencing any demand destruction," he said, noting soaring grain prices have supported fertilizer hikes....MORE
Demand for agricultural products has put a shine into the shares of Agrium Inc. this morning, as the stock has gained nearly 8% in premarket action after the company raised its second-quarter earnings guidance....MORE