Everyone loves a good Cartel!

It would only serve as a positive for HFR and pricing going forward if the 'Cartel' were all singing from the same song sheet once more, as they would look to limit supply to drive pricing, just like the good old days!

http://m.agrimoney.com/news/potash-...s-president-moves-to-reform-cartel--9688.html - published a year ago

https://seekingalpha.com/news/3272696-potash-names-rally-uralkali-reported-plan-belarus-talks

For those playing along at home, the 'Cartel' are due to meet tomorrow - 13th of June.

Below is what pricing looked like up until 2013 when the Cartel was working together, taking prices up to $870p.t, and consistently above $300p.t.

When you start running spot numbers through HFR's model at $350p.t., $400p.t. & $500p.t., things start to get very interesting!


Wrong Cartel, but you get the gist!