Russia-Belarus potash dispute sparks diplomatic row

|By:, SA News Editor

Potash companies slide as yesterday's arrest in Belarus of the head of Russian potash company Uralkali (URALL.PK) threatens to turn into a major diplomatic row.

The recriminations, and a threat by Belarus to hold CEO Vladislav Baumgertner for at least two months, suggest there is little hope of an early reconciliation in the potash dispute that has already lowered prices.

The break-up of Belarusian Potash could have serious consequences for Belarus, where potash made up more than 7% of exports last year.

POT -1.1%, MOS -1.8%, AGU -0.4%, IPI -1.6%, SQM -0.8%.