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He says he welcomes an Office of Fair Trading investigation into the industry, amid allegations that house builders deliberately hold back supply to keep prices high.
The premier said business and economic logic suggested the "normal reaction" to a falling iron ore price would be to cut back supply, not increase it.
For years, potash companies have kept a thumb on the global trade of this critical plant nutrient, choking back supply to raise prices much as the Organization of the Petroleum Exporting Countries does with oil or De Beers with diamonds.
C1 OPEC Sends Mixed Signals Though OPEC said it would cut back supply to bolster prices amid sluggish demand, it simultaneously raised its production ceiling to legitimize excess output members provided during the war in Iraq.
Analysts said traders were responding to the outcome of the latest meeting of the Opec cartel last Friday, where ministers from oil-producing states once again failed to cut back supply in order to support prices and also, for the first time in decades, dropped any reference to an output ceiling.
Though the Organization of the Petroleum Exporting Countries said after an emergency meeting here that it would cut back supply to bolster prices amid sluggish demand, it simultaneously raised its official production ceiling to legitimize much of the excess output that members provided during the war in Iraq.
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Energy suppliers were later criticised for holding back supplies during this critical period.
The NFO has announced its intention of holding back supplies until cattle and hog prices reach a stable level.
News that Saudi Arabia would continue pumping oil despite a move by OPEC to cut back supplies also pushed prices lower.
Every day he hitches a ride on a boat for a few blocks to bring back supplies.
One example: for months already, customs has been holding back supplies that were to go to various nongovernmental groups, arguing that papers have not been properly filed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com