A potash cartel?
Patricio Varas, chief executive officer of Vancouver-based Western Potash /quotes/comstock/11v!e:wpx CA:WPX -3.28% , says the solution to India’s food crisis isn’t short term. He and his team (including some B.C. trade officials) went to India recently to look for investors. Potash, they reminded Indians, can boost yields of rice, fruit and vegetables and ensure lower prices for the poor.
“Fertilizers are key to India’s economy, because nearly 60% of the population is dependent on farming for its livelihood,” Varas recently told the Vancouver Province.
“India cannot afford to be entirely reliant on the increasingly high prices it has to pay to Canada’s major potash producers, who operate much like OPEC with their stranglehold on supplies,” he told the Vancouver daily.
“It would be of huge strategic value for India to have some direct or indirect ownership of strategic Canadian potash assets,” added Varas, who’s seeking Indian investors to help develop his company’s proposed Milestone mine near Regina. Siddharth Rajeev, a Vancouver-based analyst who has been watching Western Potash the last two years, says Milestone has the potential to produce at least 2-½ million tons of potash per year for at least 40 years.
http://www.marketwatch.com/story/...de-in-resource-markets-2011-05-12 -----------
Nur meine Meinung, keine Kauf-/ Verkaufsempfehlung !
“Es hört doch nur jeder, was er versteht.” |
