(Reuters) — PotashCorp is expecting its bleakest year in a decade and has slashed its dividend because of tanking fertilizer prices.
Potash prices have fallen under pressure from bloated capacity, soft grain prices and weak currencies in consumers such as India and Brazil.
The company suspended operations at its New Brunswick mine last month.
The world’s biggest fertilizer company by capacity lowered its quarterly dividend by 34 percent to 25 cents per share.
