BPC-China potash settlement too low – Potash Corp’s Doyle

BPC-China potash settlement too low – Potash Corp's Doyle 
 
 By: Liezel Hill
28th January 2010
TEXT SIZE   TORONTO (miningweekly.com) – The $350/t price settlement for potash reached between Russia's Belorussian Potash Company (BPC) and Chinese buyers is too low, and it would be “a mistake” for North American producers to agree to the same price, Potash Corporation of Saskatchewan CEO Bill Doyle said on Thursday.

BPC will likely "come to regret" the agreement later in the year, he said.

Potash Corp, Mosaic Co and Agrium Inc jointly market their potash production through export arm Canpotex, which is still negotiating annual pricing for the crop nutrient with China.

BPC-China potash settlement too low – Potash Corp's Doyle