Minerals firm K+S cuts profit forecast on lower production
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(Reuters) - German minerals firm K+S cut its full-year core earnings forecast on Thursday, despite beating third-quarter estimates, as it announced a reduction in potash production for the second time this year.The production cut, due to maintenance at its German plants, amounts to 200,000 tonnes and follows one announced in September of 300,000 tonnes due to weak demand for potash, which is used to fertilise crops. The world's largest producer of salt for food and de-icing said it now..