Bloomberg reported that in 2014, Uralkali OAO (MCX:URKA) sees global demand for potash reaching a 10-year high as falling prices allow sales to pick up.
Potash Market News Directory
Reuters reported that U.S. fertilizer giant, Mosaic Co, cut its outlook for the 2013 global potash shipments citing weaker demand in India and a delay in setting a second-half contract between Canpotex and China's Sinofert Holdings.
Reuters reported that according to Canada's Agrium Inc. (TSX:AGU,NYSE:AGU), during the current quarter, potash volumes will be approximately 30 percent lower than normal.
The Wall Street Journal reported that in the fourth quarter of this year, Russia's Uralkali (MCX:URKA) plans to cut potash prices for compound fertilizer producers by 12.5 percent.
Reuters reported that although Uralkali's (MCX:URKA) withdrawal from its joint venture with Belarus "could push potash prices down 25 percent," a top Belarussian official has said the country is not willing to lower its prices for the fertilizer.
Bloomberg reported that Wayne Brownlee, CFO of Potash Corporation of Saskatchewan Inc. (TSX:POT,NYSE:POT), said that global potash markets have been "paralyzed" since Uralkali's (MCX:URKA) withdrawal from its joint venture with Belarus.
The Economic Times of India reported that India has purchases 160,000 tonnes of diammonium phosphate from China at the lowest price in over six years, marking what could be a price benchmark for other purchasers.
Reuters reported that both India and China are working to take advantage of market upheaval by seeking price cuts of 25 percent or more.
Reuters reported that Belarussian potash producer, Belaruskali, is looking to break into new markets and better its relationships with Qatar and Brazil following last week's news that Uralkali was quitting the Belarusian Potash Company.
BEATA reported that Belarus and Russia are in talks regarding joint initiatives to sell potash through BPC.