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K+S increases profit forecast

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World Fertilizer,

As reported by Reuters, K+S has raised its 2021 core profit outlook for the second time this year, citing higher average prices in the agriculture customer segment and a strong industry business.

The potash producer now expects to report full-year EBITDA of €700-800 million (US$832-951 million). The company, which produces about 11% of the world’s potash had already in May raised the guidance to €500-600 million.

In July, it reported better than expected preliminary 2Q21 core profit, which more than doubled year on year.

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