Busting the Potash Cartel
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.
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.
Bloomberg reported that Belarus's President wants to talk with Vladimir Putin about expanding Belarusian Potash.
Reuters reported that Russian potash producer Uralkali (LSE:URKA) has reduced its 2012 production target due to a drop in global demand.
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.
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