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BELARUS PRESIDENT TO CUT ITS POTASH PRODUCTION, OTHER FERTILIZER STOCK PRICES JUMP
By Ben Glickman, Dow Jones

Shares of fertilizer producers rose after Belarusian President Aleksander Lukashenko suggested state-owned Belaruskali should cut production of potash.

Mosaic shares rose 6.2% to $28.55 in Monday trading, the best performer on the S&P 500. Nutrien, the world's largest potash producer, was up 4.7% to $50.62.

Israeli ICL Group's U.S.-traded stock was up about 7.7% to $4.47. Shares are still down about 11% this year.

Lukashenko on Monday suggested it would make sense to cut production of potash fertilizer across Belarus and Russia by 10% to 11%, according to state-run media Belta. He specifically pointed out that current potash prices were low.

To read the entire report click here.


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