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Stalled China talks may drive down potash prices

Spot pricing may replace the fixed-price contract system amid plentiful supplies, say analysts
Thursday, March 19, 2015 - 05:50
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The Russian producer PAO Uralkali, the world's biggest supplier, says the current talks have been held up because of large inventories of potash held by China.

Toronto

THE inability of potash suppliers to secure a deal with China is spurring concern their No 1 consumer will rely on the spot market, driving down prices.

Potash companies typically reach a deal with Chinese buyers in February, setting a benchmark price that guarantees stable