Potash cartel collapse sends Mosaic shares down 17%

  • Article by: Mike Hughlett , Star Tribune
  • Updated: July 30, 2013 - 9:39 PM

The collapse of a Russian cartel sent potash prices plunging; Mosaic’s CFO says investor perceptions have been “upended.”

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digmyholeyJul. 30, 1311:51 AM

So the price of raw materials dropped today...why did the stock not go up?

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supervon2Jul. 30, 1312:48 PM

Same thing will happen to Frac sand and then we'll hear whining from all the lost jobs.

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ruphinaJul. 30, 13 4:12 PM

Look for stock price increases in the companies that BUY the potash- they are the ones with decreased costs. Bill G.

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la55122Jul. 30, 13 5:11 PM

So Cargill's Potash Corp. spin-off was profiting on prices controlled by a cartel. Now, prices for fertilizer should drop and improve profitability for farmers who actually grow food products. When can we expect the oil cartels to collapse?

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sulringJul. 31, 13 4:50 AM

This is an important story. There is evidence of collusion on pricing with material participation by a US company. This, by the way, is illegal. If there were more concrete evidence of Mosaic involvement in price setting this would either be a criminal or civil violation of U.S. anti-trust laws. As it is, the stock price fall seems to tell us there may, if fact, be material participation on the U.S. and Canada side with the Russians. Amazing story.

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garagewineJul. 31, 13 3:43 PM

Vigorous competition has always been the most reliable antitrust policy.

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