Reuters reported that some of the world’s largest potash producers may be changing strategy, electing to forgo attempts to curb output to keep prices high.
As quoted in the market report:
Instead of reining in output to support prices, and then selling potash to big buyers in contracts that set a benchmark for other deals, the miners might maximize sales through marketing organizations in what some see as a throwback to cartels of the past for commodities such as coffee, rubber and tin.
In the past year, potash prices dropped to a new low. Could this be the perfect buying opportunity?
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