Deals
Uralkali Deal Seen Failing to Mend Trust Among Potash Peers
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Billionaire Mikhail Prokhorov’s planned purchase of a stake in OAO Uralkali opens the door to reviving a global marketing venture, while failing to restore potash prices undermined by mistrust and high stockpiles.
Prices for the key crop nutrient won’t rise significantly for a year or more, following a 30 percent slump, even if the Russian producer rebuilds the partnership with Belarus that used to control 40 percent of exports, Elena Sakhnova, a VTB Capital analyst in Moscow, said by phone yesterday.