date:Aug 29, 2013
make sales outside the marketing venture, Uralkali quit the cartel on July 30, saying it would seek to maximize its own volumes. It warned that prices could fall as much as 25 percent this year to less than $300 per tonne.
The breakup could be a major hit to Belarus, which generates over a tenth of its budget revenues from potash exports. A threat by Belarus to hold Baumgertner for at least two months suggests there is little hope of a reconciliation.
The way developments are happening, it is