Potash Corporation of Saskatchewan's bid for Israel Chemicals could have big implications for the potash markets even beyond the borders of Canada and Israel.
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After watching potash contract and spot prices fall through much of 2012, producers believe prices will not drop any further.
With potash contract prices dropping to the lowest level seen in years, the potash sector does not appear ready to rebound just yet.
Potash producers are optimistic about their 2013 demand projections, however, some financial firms remain skeptical.
A potash-market slowdown has been offset by strong strategic moves taken by industry heavyweights.
Bloomberg reported that the rise of grain prices due to drought in the US will likely cause the price of potash to go up for China, the world's largest potash consumer.
There is more than one way to break the hold of potash majors over pricing. One solution is to bring more companies to the marketplace.
Reuters reported that Ethiopia has signed deals with China and Turkey to build a railway that will connect Ethiopia to the Tadjourah port in Djibouti. The railway will facilitate potash exportation from Ethiopia, where companies including Allana Potash Corp. (TSX:AAA,TSXV:AAA) are developing mines.
Recent delayed potash contracts with India have left markets looking elsewhere for support. Could Brazil be the answer?
Reuters reported that shipments to China helped reduce North American potash inventories.