UPDATE 2-Potash Corp sees 2013 rebound in world potash shipments

Thu Nov 15, 2012 3:53pm EST
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* Sees 57 mln-58 mln tonnes vs earlier 56 mln-60 mln tonnes

* China, India seen resuming purchases

* Taking patient approach with investments like ICL

By Rod Nickel

Nov 15 (Reuters) - Global shipments of potash are likely to rebound in 2013 to between 57 million and 58 million tonnes, Potash Corporation of Saskatchewan Inc Chief Executive Bill Doyle said on Thursday.

Demand should increase as the top two consuming countries, China and India, boost purchases of the crop nutrient, Doyle said at a Morgan Stanley investor conference in Boston, which was broadcast on the Internet.

"We see that as a big improvement over this year and we think 2014 is also going to be a strong volume year," Doyle said.

In September, Potash Corp pegged demand for 2013 at between 56 million and 60 million tonnes.

"(Potash Corp) has migrated slightly lower. (It) is a tad more optimistic than our expectation" of 56 million tonnes, said analyst Robert Winslow of National Bank Financial.   Continued...