Potash’s $20 Billion Market Transformed by Uralkali
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For the first time in eight years, the $20 billion global market for the crop nutrient potash is set to become freely traded.
In a surprise announcement yesterday, OAO Uralkali, the biggest supplier of the commodity, said it decided to end production restrictions that underpinned global prices and suspend a venture with a Belarusian miner that controlled exports from the former Soviet Union.