Oct. 14, 2011
Intrepid Potash Inc forecast a drop in third-quarter potash sales, hurt by weather-related issues.
The fertilizer maker sees producing 165,000-175,000 tons of potash and selling 185,000-195,000 tons in the quarter.
In the third quarter last year, sales were 221,000 tons and production 166,000 tons.
The Denver-based company said it expected average net realized sales price for potash sold during the quarter to be about $485-$495 per ton. Last year, it was $343 per ton.
The company primarily produces potash, a mineral used as a key fertilizer by farmers throughout the world.
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