The Uralkali CEO’s arrest has yet again raised further market uncertainties and price volatility.
"Potash prices have tumbled by 15%-20% in some markets such as southeast Asia and Latin America since the breakup of the cartel and are still trying to find a floor."
"Chinese buyers are asking for a price discount of $100/tonne to $300/tonne CFR, compared to the first half 2013 price of $400/tonne CFR."
"Producers are already preparing themselves for a few tough years ahead. Germany’s K+S plans a cost-cutting programme because of uncertainty in the market."
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