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K+S cuts output, sees lower earnings on weak potash demand

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FRANKFURT (Reuters) – German mineral miner K+S <SDFGn.DE> will slash production of potash fertiliser products by up to 300,000 tonnes by the end of the year on weak demand, dragging core earnings lower by as much as 80 million euros (70.7 million pounds).

“In the current weak market environment, which is further intensified by the continuing Chinese import bans on the standard potassium chloride product, adjusting production is a difficult decision, but the right one,” K+S executive Alexa Hergenroether said in a statement on Monday.

(Reporting by Ludwig Burger; Editing by Christoph Steitz)

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