uralkali to raise brazil prices in ma

ELM's share price will keep rising significantly as the potash price keeps rising in the same way.

This is a simple economic rule:
- If the price of a commodity is rising significantly,
- because the persuaded investors will shower the explorers with capital,
- the shares of those more promising explorers associated with that commodity will rise significantly too.

ELM is the most promising explorer in the world IMO.

Here is the news for rising potash prices because of the "unprecedented demand".

Belarusian Potash Co., a trader part owned by Russia's OAO Uralkali, will raise prices for the fertilizer by about 11 percent for buyers in Brazil in May because of "unprecedented demand," tight supply and higher crop prices.

Bloomberg / By Yuliya Fedorinova - Mar 31, 2011
Source: Click here

"BPC believes the same fundamental factors will continue supporting very strong international demand through all of 2011," the trader said today.

BPC will charge as much as $525 a metric ton for potash from May, the trader said today in an e-mailed statement. That compares with as much as $475 previously. The trader will sell the material at about $520 a ton to large customers, according to the statement.

"This is a very good contract for Uralkali and Belarusian Potash, as they have 10 percent and 20 percent exposure on the Brazilian market respectively," said Elena Sakhnova, an analyst at VTB Capital in Moscow.

Potash companies are increasing charges because of rising demand as farmers seek to boost crop yields after produce prices jumped. Uralkali (URKA)'s trading arm raised contract prices for potash in China, the world's biggest consumer of the fertilizer, 14 percent in January to $400 a ton.