UPDATE 2-K+S' warning of lower potash prices drags shares lower
* Cuts adj EBIT outlook to lower end of previous range
* Sees 2013 adj EBIT up slightly, worse than expected
* Protracted talks with buyers India, China weigh on prices
* Shares lose 4.7 percent
FRANKFURT, Nov 13 (Reuters) - German potash and salt miner K+S cut its 2012 profit outlook on Tuesday and said it was concerned about next year due to a decline in prices for its fertiliser minerals.
K+S now expects 2012 earnings before interest and tax, adjusted for currency hedging effects, to reach about 820 million euros ($1.04 billion), at the bottom of its previously targeted range of 820-900 million euros, and down from 906.2 million last year.
The shares lost 4.7 percent to 34.22 euros at 0942 GMT, making them the second-worst performer on Germany's blue chip index.
Drawn-out talks between K+S's larger rivals in Canada and Russia, and potash importers China and India, among the world's largest users of the plant nutrient, have resulted in a decline in global potash prices at the end of the third quarter.
Even though K+S exports very little to China and India and derives more than half of its potash revenues from Europe, it will be hit by the global decline in prices. Continued...