Potash’s $20 Billion Market Transformed by Uralkali - Bloomberg:
"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 (URKA), 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.
Shares of Uralkali and its biggest competitors -- Potash Corp. of Saskatchewan Inc., Mosaic Co. (MOS) and Israel Chemicals Ltd. (ICL) -- fell for a second day. They tumbled as much as 24 percent yesterday as investors anticipated supply overwhelming demand."
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