“Russia’s Uralkali quit one of the world’s two big potash cartels on Tuesday, heralding a price war for the key crop nutrient and pummeling the shares of companies that produce it. The break-up of the Belarusian Potash Company (BPC), a joint venture with Belarussian partner Belaruskali, leaves North America’s Canpotex as the dominant potash export venture. It could lead to cancellations of projects by rivals as the industry weighs the effect of lower prices, but may bring better deals for farmers. ‘It is as if Saudi Arabia decided to leave OPEC — oil prices would fall immediately,’ said Dmitry Ryzhkov, equity sales trader at Renaissance Capital.”
http://www.moneynews.com/Markets/collapse-potash-cartel-shock/2013/07/30/id/517840
