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Collapse of European cartel roils potash markets

7:00 AM MDT | August 9, 2013 | —Lindsay Frost and Francinia Protti-Alvarez

The global outlook for potash was thrown into turmoil as one of two cartels that control most of the world’s potash exports collapsed at the end of July. Uralkali (Berezniki, Russia), the world’s largest producer of potash, announced 30 July that it would pull out of Belarusian Potash Co. (BPC; Minsk), an export cartel jointly operated with another leading potash producer, Belaruskali (Soligorsk, Belarus). The collapse of the BPC export cartel has raised fears that potash prices would drop sharply on an increase in production now that export-cartel...

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