Potash miners under pressure as Indian buyers demand discounts

|About: Potash Corporation of Saska... (POT)|By:, SA News Editor

Indian potash buyers, the second biggest source of potash demand after China, are demanding deep discounts as Russian miner Uralkali, which shook up the sector's cartel system last month, hikes production to full capacity and threatens to send prices plunging.

The moves will further pressure shares of global potash miners, who have already lost up to 20% of their stock market value since the breakup of the cartel.

Today: POT -2.8%, MOS -3.1%, AGU -1.2%, SQM -1.9%, IPI -5.5%.