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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Collapse of potash cartel likely to benefit phosphate producers, PhosAgro's CEO says
2:14 PM MDT | August 1, 2013 | Natasha Alperowicz
PhosAgro’s newly elected CEO Andrey Guryev says that the likely collapse of the BPC potash cartel, following Uralkali’s recent announcement that it would exit the organization and market products via its own sales organization, is likely to have a positive effect on phosphate producers. "What we expect, and what some CEOs of potash companies have said, is that the price will drop to around $300/m.t. If you assume the demand is there, the economy is there, the price of soft commodities is there … I believe it will only increase the...
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