Via UK Reuters
- Russian potash miner Uralkali said on Wednesday its Belarussian export joint venture has cut the price of supplies of the soil nutrient to Brazil by about 25 percent from March to May 2009.
- Belarusian Potash Co (BPC), a joint venture between Uralkali and Belaruskali, will charge $750 per tonne for potash deliveries to large Brazilian importers and $765 per tonne for shipments to smaller customers. The previous prices, applied since July 1, were $1,000 and $1,010 per tonne, respectively.
(EDIT 12:06 stopped out of Potash just tried to buy under $76, at $74.90s) :)
Long Potash, Mosaic in fund; no personal position
5 comments:
Morgan Stanley says buy POT Goldman is cautious. With several countries having droughts (inc. china) it seems potash will be in high demand. any thoughts?
agriculture is and will remain my fav sector for years.
what the stock does in the next 72 hours is unknowable. perhaps market rally will let it bounce.
Similar discounting is occurring in steel as well. I'm not sure why there is so much bullish chatter about steel companies. Course dummy me! I had to go buy Us Steel today expecting a pop on that noise, only to close it about an hour later as I realized it was just plain silly. I just don;t buy the China story yet. I don't see the Baltic Dry as anything more than a minor reversion and am fascinated with people buying the AG names or commodities yet. Maybe I need to stop reading as many obscure feeds from China,and the various industries as I do, and just jump in with the crowd. They say "Don't try to outthink the market. Let the market provide the direction". Hmmm ..
jegan
the mob is not necessarily right
but hard to fight ;)
I dont buy the China thing one bit ... on a RELATIVE basis yes. but on an absolute basis no.
TM... I've got my jogging shoes on, and running with the crowd. 'Bay to Breakers'... If they jog down Market St, I try to beat them to Market St. If they go down Figeroa St, me too. If you see me diverging from the crowd, please throw something at me.
jegan
Post a Comment