The absurdity of this is almost too much for me to bear. Each and every day I consume information on an industrial scale, from all different walks of life. Most of the news is grim and dire and totally demoralizing. Every once in awhile there’s a story about a dog saving a drunkard from a flaming inferno, which warms my black heart to no end. But this Belarus story, of a small piece of shit country rife with corruption, seemingly in charge of agriculture on a global scale due to its market share in potash, is a burden for me this morning.
Several years ago when I was an investor in MOS and POT, I learned about the great gypsy nation of Belarus and how it had designs to starve the world via excessively higher potash prices. For a while, their scheme was working, wonderfully. Prices soared and I was talking seriously about the specter of a $100 tomato.
Anyway, the rascals are back at it again. Oh, the Russians are involved too. But they’re always up to no good.
“New Uralkali shareholders are coming to me every month saying: ‘accept us’. We are not against it – let’s unite, on our conditions,” Belarus President Alexander Lukashenko said at an event in Minsk.
“Let’s resume work and agree how much we will produce.”
Lukashenko did not disclose his conditions. The previous joint venture was based in Minsk, that time a crucial condition for Belarus and the main concern for Uralkali.
The collapse of Uralkali’s joint venture with Belaruskali triggered a fall in global prices as competition between producers intensified. Prices have not yet fully recovered.
Lukashenko also said Minsk signed a new potash supply contract with India on Wednesday, although Belarussian Potash Company (BPC), a trading arm of Belaruskali, later said it was still finalizing the deal.
“I think it’s a wonderful contract, taking into account the current prices,” Lukashenko said, without disclosing the price or volume to be supplied.
See how these devils tried to starve the planet, like true villains, back in 2008?
Wall street loves this shit and has bid up shares of Ag stocks with reckless abandon.
