Mississauga, ON -- (SBWIRE) -- 07/06/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "China's Beijing Tairui Acquires 51% Ownership Stake In Western Potash."
Companies mentioned in this article include Potash Corp. (NYSE:POT) and Western Potash Corp. (TSX:WPX).
In 2013, the breakup of one of the two cartels in the potash market led to a sharp decline in prices. The big worry was that the breakup of the Belarusian Potash Company (BPC) would lead to increased competition.
So far potash prices have remained above $300 a ton mark, however, there has been pressure from major buyers such as China and India. China this year signed a supply contract much later than it normally does. This was largely because it was trying to negotiate a better price expecting increased competition.
Recently, it was reported that Potash Corp. (NYSE:POT), the world's biggest supplier of potash, will acquire German rival K+S to boost its market share. Indeed, consolidation could be one way potash producers can defend their market share and margins. However, there has been some activity on the buyers' side as well.
The full version of this article can be found at:
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