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IMC FERTILIZER INDICATES OUTSIDE ANALYSTS' FOURTH QUARTER EARNINGS FORECASTS TOO HIGH

 IMC FERTILIZER INDICATES OUTSIDE ANALYSTS'
 FOURTH QUARTER EARNINGS FORECASTS TOO HIGH
 NORTHBROOK, Ill., June 18 /PRNewswire/ -- IMC Fertilizer Group, Inc. (NYSE: IFL), responding to questions concerning its fourth quarter earnings prospects, said today that weak pricing of major product lines continues.
 "Prices remain depressed, lower than expected for key products such as concentrated phosphates and potash," a company spokesman said. "Volumes shipped during the spring season were about as forecast for both phosphates and potash. The problem remains one of inadequate prices in both domestic and overseas markets.
 "Another factor has been the delays in purchases of those products by major international buyers such as China and India, creating added pressure on prices and industry inventories," the spokesman explained.
 The company also cited decisions to extend summer shutdowns at several of its major operations for inventory control purposes as part of its strategic policy to manage working capital more efficiently, and costs related to its uranium oxide recovery operations in Florida as other reasons to believe that earnings for the quarter ended June 30, 1992, will be lower than analysts' present expectations.
 IMC Fertilizer is one of the world's leading producers and marketers of phosphate rock and potash, two basic fertilizer products, and a manufacturer of concentrated phosphates and mixed fertilizers under the Rainbow and Super Rainbow brands. The company also produces sulphur, oil and natural gas offshore Louisiana in the Gulf of Mexico.
 -0- 6/18/92
 /CONTACT: John E. Galvin, 708-205-4814, or Tom Unzicker, 708-205-4839, both of IMC Fertilizer Group/
 (IFL) CO: IMC Fertilizer Group, Inc. ST: Illinois IN: SU: ERN


PS-KD -- NY082 -- 1697 06/18/92 17:36 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
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