BHP’s Arrival in Potash Market Threatens BPC, Canpotex Control

Reuters reported that the possible entry of BHP into the potash market could threaten the existing duoply currently held by Belarus Potash Company and Canpotex, who together control about 70 percent of the market.

As quoted in the market report:

BHP, which has said it will not join Canpotex, would probably look to maximise volume sales to make sense of its $14 billion investment, “which would lead to lower prices unless or until some other major sites shut down”, according to Paul Burnside, analyst at CRU Group.

To view the whole Reuters report, click here.