Potash production remains stagnant as Potash Corp and Uralkali cull output in response to low farmer purchasing. However, short-term prospects look slightly positive as producers are certain global demand will pick up.
Reuters reported that potash investor Anatoly Lomakin has settled a case regarding Silvinit shares that disappeared from his account.
Bloomberg reported that Uralkali (LSE:URKA) followed up a price increase for Chinese customers with a price increase to Russia.
Reuters reported that Belarus is negotiating a change to the conditions of its loan for potash producer Belaruskali.
Bloomberg reported that K+S AG is not worried about the expiration of EU import duties on its potash business.
Reuters reported that the EU lifted trade barriers from Russia and Belarus by cutting import duties on potash.
Bloomberg reported that Russia's attempt to capture a huge stake in global potash resources from Belarus may be trumped by China.
Reuters reported that Chinese fertilizer importers are paying higher prices for potash from Russia and Belarus.
Reuters reported that a merger of two Russian potash companies has been approved by the Chinese government, with conditions.
Reuters reported that Alexander Mamut has purchased stock in Uralkali (LON:URKA).
Thursday, February 2, 2012