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Tuesday, December 3, 2013

Port Prez Says Potash Is In An Adjustment Period

Things may be looking bleak on local potash front, but the President of the Port believes it will get better. 

Jim Quinn says we're currently experiencing a period of adjustment but thinks demand will steady in the future. Quinn tells CHSJ News we have a growing global population meaning food demand will continue to rise and potash will become an increasingly important commodity. He says it's the world markets who will dictate how active the Canadian potash mines will be.

Quinn says the port will soon be experiencing a slight decrease in the volume of the potash they move and they will be working closely with PotashCorp, who has just announced more than a hundred job cuts locally, to find out how they can help get their product to the marketplace. He calls the company one of their valuable customers.