* Potash inventories at producer level fall 56,000 tonnes
* Inventories remain 12 pct above prior 5-yr average
TORONTO, July 16 (Reuters) - North American potash inventories at the producer level fell slightly in June but remained above the historic average, according to data released by Potash Corp POT.TO, the world’s largest producer of the crop nutrient.
The data, released late on Thursday, shows that inventories fell by about 56,000 tonnes but remained around the 2.4 million tonne level, still 12 percent above the prior five-year average.
The price of potash -- the common name used for various compounds containing potassium -- remained flat below the $400-a-tonne level, according to the latest data released by the company. (Reporting by Euan Rocha, editing by Gerald E. McCormick)