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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (102111)	7/30/2013 6:58:53 PM
From: Snowshoe	1 Recommendation Recommended By dvdw© Read Replies (2) \| Respond to of 218068

Wow, the ferts got deflated today! ... Potash sector rocked as Russia's Uralkali quits cartel reuters.com "It is as if Saudi Arabia decided to leave OPEC - oil prices would fall immediately," said Dmitry Ryzhkov, equity sales trader at Renaissance Capital. Potash Cartel Collapse Spurs Sharp Fertilizer Stock Sell-Off finance.yahoo.com Russia's Uralkali Group, the world's largest fertilizer producer, set potash stocks reeling Tuesday by pulling out of a cartel and vowing to ramp up production, a move that threatens to crash the $20 billion-a-year market. The top six fertilizer makers control about 80% of potash production in two consortiums, analysts estimate. Uralkali, Plymouth, Minn.-based Mosaic (MOS), Canada's Agrium (AGU) and Potash Corp. of Saskatchewan (POT) have played off each other to stabilize prices for potash, one of the most commonly used ingredients for fertilizers. Mosaic shares, which had been sinking in recent months, fell 18% Tuesday. Agrium lost 5%, Potash 16.5% and Intrepid Potash (IPI) 29%.