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Potash politics

CIC's potash stake bodes ill for cartel revival

Kevin Allison 

Kevin Allison China Investment Corporation's decision to take a 12.5 per cent stake in Russian potash producer Uralkali makes it less likely that a once powerful Russia-Belarus fertiliser cartel can be revived. A purely financial investor would welcome a return of the producers' alliance. But China, the world's biggest importer of potash, is unlikely to support any move to drive up the cost of the key soil nutrient. The rare direct Chinese investment in a Russian natural resources company comes amid a flare-up in tensions between the former Soviet republics. Shares of the world's major ...

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First Published: Tue, September 24 2013. 21:31 IST
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