Canpotex to sell potash at $1,000/tonne-analyst (AGU; MOS; POT)

From Reuters:

Canpotex, the export marketing consortium for Canadian potash miners, has raised its spot price for some Asian buyers to $1,000 per tonne, an analyst at J.P. Morgan said on Wednesday.

The new price is up 21 percent from current delivered values, and will take effect in the fourth quarter, David Silver wrote in a note to clients, quoting fertilizer industry consultant FMB Group Ltd.

Silver said the price hike would boost earnings for Potash Corp...MORE