Potash prices weaken as discipline falters in Brazil

摘要

Weaker prices are seen in most potash spot markets this week as suppliers fail to achieve their targets in Brazil and weak demand hits prices in the US and China. In other news, the board at K+S rejected PotashCorp's takeover proposal on the grounds that the ?41 per share offer undervalued the company and that PotashCorp had not alleviated worries over plans for the German company's salt operations and high-cost German mines. PotashCorp has yet to respond to the statement but has already informed K+S that it may decide to go past the board and offer to K+S shareholders the acquisition via a public takeover offer.