Demand is strong to start 2017 because potash inventories in major markets are lower year over year, Canpotex said in a statement. The Saskatoon, Saskatchewan based company is owned by Potash Corp of Saskatchewan (>> Potash Corporation of Saskatchewan Inc), Mosaic Co (>> Mosaic Co) and Agrium Inc (>> Agrium Inc.).

(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Chizu Nomiyama)