Western Potash Looks for Partner
Western Potash began its search for a strategic partner this month while North American potash inventories grew in anticipation of increased demand from domestic and international buyers.
Western Potash began its search for a strategic partner this month while North American potash inventories grew in anticipation of increased demand from domestic and international buyers.
Bloomberg reported that Uralkali (LSE:URKA) said it would slash potash production after China and India postponed their purchases.
Years of rising phosphate prices have pushed the market into adjustment, and increased production in the coming years is set to keep the market well supplied. But increased supply is also expected to push prices lower after the spring.
Globe and Mail reported that a Desjardins analyst said the slashing of fertilizer subsidies in India will have a negative impact on Potash Corp (NYSE:POT).
Business Standard reported an interview with Mosaic Corp. (NYSE:MOS) CEO James T. Prokopanko.
LiveMint reported that a fertilizer ministry official will try to negotiate a 20% stake in potash producer Belaruskali.
Bloomberg Businessweek reported that India is considering ways to keep fertilizer prices down.
MSN India reported that no progress has been made on India's bid for a stake in Belaruskali.
India's fertilizer cooperative major IFFCO said it will reduce potash imports by 35 percent in 2011-12 following Uralkali, Russia's largest potash miner refusal to lower potash prices.
Bloomberg reported that Uralkali (LSE:URKA) will not heed India's requests for lower potash prices.
Get our independent commentary on potash trends and companies delivered to your inbox.