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Potash Corp. to Cut Production 20 Percent; Will Pricing Be Preserved? (POT)

Potash Corp. came out late yesterday and joined the likes of Mosaic (MOS) and Uralkali in cutting production of its chief product, as they will reduce 2009 potash output by roughly 20%, beginning in January.
CEO Bill Doyle sees demand as only temporarily weak, noting a slowdown in the availability of credit and a general “wait [...]