Credit Suisse cautious on potash producers, says rumors overblown

|By:, SA News Editor

Potash shares remain strong despite cautious comments from Credit Suisse, which thinks investors are overreacting to rumors that Russian investors will take a stake in Uralkali (URALL.PK).

A return to normal for potash producers is "extraordinarily unlikely" even with a new Uralkali shareholder structure, the firm says; either way, the situation isn't likely to be resolved in the near term.

CS has an Underperform rating on Potash (POT +4.1%), Intrepid Potash (IPI +8.7%) and Compass Minerals (CMP +1.2%).

Others: MOS +4%, AGU +1.8%, SQM +8.9%.

Earlier: Putin says he wants to resolve the potash dispute.