“China and India are set to negotiate the biggest price cut in three years to buy potash as they break a deadlock in meetings with Russian and North American producers that dominate the $24 billion market for the crop nutrient.
Indian talks have begun and China could start in January or February, said Oleg Petrov, marketing director for Russian supplier OAO Uralkali. The countries may pay as little as $430 a ton, down at least 8.5 percent, according to analysts at Credit Agricole Securities USA, Dahlman Rose & Co. and Goldman Sachs Group Inc…”
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