Uralkali chief out of jail
During the last week of July, Uralkali (LON:URALL) CEO Vladislav Baumgertner blasted the global potash market wide open when it ended its joint marketing organization (read oligopoly) with Belaruskali....
View ArticleUralkali gets new owner but potash prices aren't likely to recover
Russian billionaire Mikhail Prokhorov will purchase a 21.75% stake in Uralkali – the world's largest potash miner – from the current biggest share-holder, Suleiman Kerimov, for an estimated $4.3...
View ArticleThe end of a bad year for potash producers; a sprinkle of hope in the new year
2013 was a turbulent year for the potash market. The break-up of the world's biggest potash cartel in July sent prices on a downward spiral from which they have yet to recover. Consequently, producers...
View ArticleUralkali will sell potash to China at a 24% discount on last year's price
One of the world's biggest potash producers, Russia's Uralkali (MCX:URKA), has struck a deal with Chinese companies for sales during the first six months of 2014: $305 per tonne. In other words, a...
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Uralkali’s potash goes on sale, India to pay lowest price in 7 years
Russian potash miner Uralkali (MCX:URKA), the world's largest producer of the fertilizer ingredient, said Tuesday it has signed a one-year sales deal with India's largest importer, which pay $322 for...
View ArticleBelarus won’t tax potash exports in 2015
Belarus has decided not to re-introduce in 2015 an export duty on potash that was cancelled last year, Finance Minister Vladimir Amarin told BelTA News Tuesday. The nation first cut export tariffs to...
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Charges against former Uralkali CEO dropped, potash price war imminent
Baumgertner was arrested in Belarus in August 2013 acused of alleged abuse of power after breaking up the Belarus-Russia potash block. Criminal charges against the former chief executive of the world’s...
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Potash producers rejoice — China likely to pay more for it this year
Image by elwynn | Shutterstock.com China, the largest potash consumer, is likely to pay more for the fertilizer this year as talks with Russian provider Uralkali, which wants to lift annual 2015...
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Belaruskali deal with China dents other players’ chances
The potash industry is growing wary of the potential effects on prices the recent deal between Belarus-owned fertilizer group Belaruskali and China will have, as the nation has agreed to buy the firm's...
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Canpotex finalizes pricing deal with China
Image by Hung Chung Chih | Shutterstock.com Canpotex — the North American consortium representing PotashCorp, Mosaic and Agrium — said Monday it has finalized supply contracts with its major Chinese...
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India’s appetite for fertilizers beats expectations — Phosagro
Russia’s Phosagro (LON:PHOR), the world’s third-largest producer of phosphate fertilizers, has taken a page of U.S.-based rival Mosaic’s (NYSE:MOS) books by projecting a jump in Indian demand for crop...
View ArticleTurkmenistan opens bid process for country’s second potash plant
Turkmenistan continues to expand into the potash market by opening Monday an international bid process for its second potash plant. The gas-rich nation, which cut the ribbon at a $1 billion potash...
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Mine accident shows a potash market nervous about outages
(Bloomberg) — The news, when it came late Friday night from a government ministry in Minsk, was grim: the ceiling of a potash mine in Belarus had collapsed more than half a kilometer underground,...
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