Russia potash row causing market tumult

The global potash market could suffer short-term turbulence as it faces a potentially large price drop because of an escalating dispute between major exporters Russia and Belarus over the collapse of their once-mighty cartel.Belarus this week detained the chief executive of Russia’s Uralkali, the world’s top potash producer, accusing him of inflicting severe economic damage.

Moscow demanded the release of CEO Vladislav Baumgertner. Uralkali controls 20 percent of the world market and is partially owned by Suleiman Kerimov, a billionaire with close ties to Russian President Vladimir Putin’s administration.”We are very concerned as to how things will develop next. Chinese firms must have suspended signing any deals before the situation becomes clear,” said a Chinese industry source familiar with the strategies of potash buyers.

The detention is an escalation of a dispute between Uralkali and state-owned Belaruskali that has led to the breakup of trade partnership Belarusian Potash Company (BPC). Some key importers are now thinking about suspending purchasing talks until the matter is clarified and it becomes clearer where potash prices are headed.

Belarus also put four managers from Uralkali on Interpol’s wanted list, including sales head Oleg Petrov. It remains unclear whether he can travel for talks to China or India, two of the world’s biggest users of the crop nutrient.The breakup could be a major hit to Belarus, which generates over a tenth of its budget revenues from potash exports. A threat by Belarus to hold Baumgertner for at least two months suggests there is little hope of reconciliation.

“The way developments are happening, it is adding to bitterness,” said a senior official with a leading Indian potash importer. “I don’t think Uralkali and Belaruskali can come together again. It is (certain) there would be cutthroat competition among suppliers, which is good for buyers,”China imports about half of the 10-11 million tonnes of potash it uses each year. Potash use in India, which relies on imports, has almost halved to 3.5 million due to rising prices.

Stocks in India are ample and there is no need for Indian buyers to rush into new deals until there is more clarity on prices, said an official with Rashtriya Chemicals and Fertilizers, who was not authorized to speak publicly.One North American producer also says buyers are in a waiting mood.

“While the Russian-Belarusian statements and recent actions have created uncertainty in the potash market, it is business as usual, although I think it’s fair to say buyers are only buying what they need,” said Richard Downey, spokesman for Canadian potash producer Agrium.Retail fertilizer dealers are already storing stockpiles that are smaller than usual, and the uncertainty might make them even more hesitant to buy the crop nutrient, Dillier said.What’s the difference betweenMarble tilesand Porcelain Tiles?

That thinking could backfire and leave them with a shortage if U.S. farmers get favorable weather in October and November and decide to apply fertilizer.”It does complicate things all the way through,” Dillier said. “It’s a crazy time in fertilizer in general and particularly in potash.”

The dispute between Russia and Belarus has not prevented Growmark from buying potash from Uralkali, one of its main suppliers along with Potash Corp and Mosaic, Dillier said.An industry source said he believed fiercer competition in the potash market would draw in Canpotex, whose members traditionally adjust production to support prices.

‘A lot have straightforward statements, but some of them do have personal letters and touches,Gives a basic overview ofStone carvingtools and demonstrates their use. and a bit more detail about whats happening.’The wills, classed as official records, were only previously accessible through direct requests.But very few people knew of their existence in the first place, and it is understood the Ministry of Justice – which ultimately owns the documents – only became fully aware of the archive of soldiers wills following a freedom of information request some years ago.What makes the wills interesting to historians and genealogists is the fact they have been written by the soldiers, rather than officials, as in the case of census data or birth records.

Mr Apthorpe said the documents had never been released to the wills beneficiaries because as public records they belonged to the then War Office and the government.The short-form wills presented on small pieces of paper were often handed to soldiers by their company officers and senior non-commissioned officers to be completed before embarkation for a theatre of the war, which raged across the globe from July 1914 until November 1918.

There was just enough space for the soldier to identify his chosen beneficiaries and the amount of money or object he wished to bequeath.Bring the beauty of nature into your home and enhance your tile designs with natural stone tiles andXiamen Shun Stone Granite slabs.In many cases the wills were not witnessed, however there are a few examples where soldiers ‘to the left and right’ had signed the will of a squad mate while standing in the trenches, according to the companys archivists.

These were sealed in envelopes, sometimes together with a personal letter, and then placed in larger envelopes marked as Informal Will.With such a precious store of records, security at the facility is tight, Mr Apthorpe said.

‘Security is paramount, so theres a number of measures in place to stop unauthorised access,aodepuoverspeed governorscan cover a broad range of rated loads and speeds and can be applied both to machine roomless and traditional installations.’ he said.’These are records that must be kept forever, in effect, so they are kept in environmentally-controlled chambers.’Theres 32 such chambers in this building and with 250,000 boxes with 41 million wills,In 2009,aodepusuccessfully passed the ISO9001 Quality System certification and CE certification. theres an awful lot of information that needs to be protected.’
Click on their websitehttp://www.granitetrade.net/!

This entry was posted in rfid tag and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *