Uralkali Opens $20B Freely Traded Potash Market (video)

July 31 (Bloomberg) -- Blomberg's Ryan Chilcote reports that potash supplier Uralkali announced an end to production restrictions, opening up the $20 billion industry in a change that may lower prices as much as 33 percent. He speaks on Bloomberg Television's "On The Move."

……….

This is the news that caused the potash suppliers (e.g. POT, MOS) to get beaten down yesterday. As such, it may be a good time to read-up on some history and the possible long-term trends driving the industry. Some suggestions:

Book: Enriching the Earth: Fritz Haber, Carl Bosch, and the Transformation of World Food Production – by Vaclav Smil

Passport Capital: From Dirt to Dinner Table: The Case for Agriculture (2009)

Jeremy Grantham’s 2011 letters:

Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever

Resource Limitations 2: Separating the Dangerous from the Merely Serious