December 2, 2009 / 4:53 PM / 8 years ago

Rising N. American demand lifts potash producers

* Potash demand in North America returning

* Domestic Chinese potash prices rise

* Shares of Potash Corp, Mosaic, Agrium rise

TORONTO, Dec 2 (Reuters) - Bullish comments on North American demand for crop nutrients from the head of the world’s largest fertilizer producer, along with a rise in domestic Chinese potash prices, drove shares of fertilizer companies higher on Wednesday.

In separate meetings with analysts of Morgan Stanley and UBS, Bill Doyle, the chief executive of Potash Corp (POT.TO), indicated that the fertilizer giant is indeed seeing demand pick up in the United States.

Analysts said Doyle indicated that North American potash demand in November was at its highest level since May 2008.

Analysts also said that recent reports from China indicate that domestic potash prices there have also risen to above $400 a tonne from around $350 earlier this year.

Shares of Potash Corp were up 3.2 percent $120.35 on Wednesday morning in New York and ahead 3.5 percent at C$125.90 in Toronto. Shares of Mosaic Co (MOS.N) were up 5 percent in New York while Agrium Inc (AGU.TO) (AGU.N) was ahead 3.5 percent in New York and Toronto. (Reporting by Euan Rocha; editing by Rob Wilson) ((euan.rocha@thomsonreuters.com; +1 416 941 8185; Reuters Messaging: euan.rocha.reuters.com@reuters.net))

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