The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

An interior view of Potash Corp. of Saskatchewan Inc.'s facility in Lanigan, Sask.
An interior view of Potash Corp. of Saskatchewan Inc.'s facility in Lanigan, Sask.
(Potash Corp.)

SUBSCRIBERS ONLY

Spectre of collusion class-action hovers over Potash

Chinese and Indian fertilizer buyers are ruining Bill Doyle’s potash party. The CEO of Potash Corp. of Saskatchewan blamed disappointing third-quarter earnings Thursday on foreign purchasers, since they are balking at paying the high prices he and other potash producers are charging.

But Mr. Doyle is confronting an even more unwelcome party guest: anti-trust forces south of the border. A class-action lawsuit moving its way up the U.S. court system accuses Potash and six other producers in Saskatchewan and the former Soviet Union of colluding to keep potash prices high, not in China or India, but the U.S. itself.