Fertiliser industry hit hard as falling prices stall M&A activity.
Fertiliser prices dropped in the fourth quarter of 2015, affecting companies like PotashCorp and Agrium Inc. PotashCorp's average potash sale price decreased from 238/tonne in Q4 2015. Agrium Inc. also saw a sharp drop in potash prices, from over 267/tonne in the same period. Additionally, Agrium's phosphate sale price decreased by 522/tonne.