Canpotex, the Canadian potash export cartel, is stalling on
sales to China and India.
It will only deliver for the balance of this year, according
to the head of Canpotex.
That’s because it anticipates prices will begin to rise.
Prices have been depressed since a similar export cartel
between Russia and Belorus fell apart.
Belarusian Potash Co. has agreed to
supply potash to India at the cheapest price in almost a decade.
The price was, however, still higher
than market analysts anticipated and may be a sign that demand is increasing.
Canpotex is a cartel among Potash Corp.
of Saskatchewan, Agrium and Mosaic.
