This from another article...SP is suffering from a supply / demand issue
Now that the slowdown in global demand has hit the profits of global potash suppliers, the potential surplus could offer Indian companies the opportunity to whittle down the purchase prices while they negotiate new contracts.
Go-slow approach on projects
However, what could upset this rosy picture in the near term is a slower-than-expected ramp up in output. Potash sales have witnessed a slowdown in 2012 as buyers deferred purchase decisions amid the volatile global economic scenario. Due to this, some potash suppliers have adopted a go-slow approach on new projects, preferring to constrain capacity to protect prices.
OAO Uralkali, the world`s largest potash producer, announced production cuts of about 40% in the first quarter of 2012 on account of the decision of India and China to postpone purchases and has not ruled out a further reduction.
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