Saudi Fertilizers Co has said it will cut costs and enter new markets to boost profits in 2010, Reuters has reported. 'Safco hopes to improve profitability by increasing productivity, reducing costs, increasing sales and venturing into new markets,' the company said. Global fertilizer prices stabilised in 2009 and it is expected that prices in 2010 will remain close to their levels during the fourth quarter of 2009, the company added.
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