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Green shoots or just talk in fertiliser M&A
There are signs of life returning to M&A in the potash sector — with market speculation that Potash Corp of Saskatchewan may bid for Germany’s K+S.
Canada’s Potash Corp — the world’s largest producer of the key ingredient in synthetic crop fertiliser — said last month that North American potash inventories had fallen in July, an indication that sales of potash had begun to move again after a seizing up of the market.
Some analysts reckon that the market is now reaching a bottom and that there will be a sharp rebound in 2010 as farmers start buying again.
K+S Chief Executive Norbert Steiner told Reuters in an interview on Tuesday that the world’s fourth-largest potash supplier saw an end to a decline in prices in Europe, but that demand remains depressed.
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The Wall
