date:Aug 08, 2013
stricted increases in supply while nitrogen fertilizer use increased in recent years because of more corn and wheat acres. Increases in ammonia capacity reduce manufacturing constraints, potentially leading to lower nitrogen fertilizer prices.
Second, a Russian phosphate company by the name of Uralkali exited a partnership agreement that controlled 43 percent of potash exports. The breakup of this cartel likely leads to lower potash prices. After the breakup, stock prices fell on Potash Corp.,