By Rod Nickel, Reuters News Agency, The Western Producer, September 20, 2016
Sept. 20 (Reuters) – Plunging crop and fertilizer prices may not have hit rock bottom yet, and the market’s weakness makes it the right time to merge leading farm input suppliers, the chief executive officer of Agrium Inc said on Tuesday, making his pitch to skeptical investors for a $26 billion union with Potash Corp of Saskatchewan Inc.
“Are we at the bottom yet? We don’t know. We know there’s more upside than downside,” said Agrium CEO Chuck Magro, adding that fertilizer demand is growing.
