Investment bank Dahlman Rose & Co. has reduced its outlook for potash prices in 2010 and 2011 after contracts to smaller purchasers in Asia settled below expectations.
In late December, Belarusian Potash Co. (BPC) agreed to sell 1.2m. tonnes of potash to two Chinese importers at $350/tonne CFR, in a deal which usually sets the benchmark for major annual price negotiations (IM 24 December 2009: BPC signs $350/tonne potash deal)....