London-Fitch Ratings Inc. is the latest to warn that new potash projects, especially low-cost Former Soviet Union projects, coming to the market in the next five years will lead to excess potash placing pressure on prices. The international ratings agency said July 21 the new projects will introduce new competitors vying for their place in the market. Fitch believes this will help keep prices down, which will in turn favor low-cost producers - such as Uralkali (currently rated by the ratings agency as BB+/Negative) and Belaruskali -and help them gain export market share.
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