Potash Corp estimates quarterly profit below expectations

Reuters

Oct 10 (Reuters) - The world's biggest fertilizer producer,Potash Corp of Saskatchewan Inc , estimatedquarterly profit would be below analysts' expectations as itscustomers delayed purchases due to near-term market uncertainty.

The U.S.-listed shares of Potash Corp were trading down 3percent in extended trading after closing at $31.74 on the NewYork Stock Exchange.

Potash Corp now expects third-quarter earnings of 41 centsper share, below its earlier forecast of 45 cents to 60 centsper share.

Analysts on average expected earnings of 47 cents per share,according to Thomson Reuters I/B/E/S.

"The change primarily reflects lower than forecasted potashsales volumes late in the quarter," the company said.

Potash prices have slipped since mid-summer when Russianproducer Uralkali OAO quit its export partnership withBelarus and said it would seek to maximize sales volumes.

In September, Agrium Inc also warned of lowerpotash volumes in the current quarter.

Rival Mosaic Co on Monday lowered its outlook for2013 global potash shipments, citing weaker demand in India anda delay in settling a second-half contract between its exportagency Canpotex Ltd and China's Sinofert Holdings Ltd.

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