FARM BUSINESS NEWS
Uralkali Inks Potash Deal With China
Mon Jan 20, 2014 11:07 AM CST

MOSCOW (Dow Jones) -- Russian potash producer OAO Uralkali Monday signed a first-half sales deal with a Chinese agro-chemical consortium to sell the fertilizer additive potash for $305 a metric ton.

The contract to sell 700,000 tons to the Chinese National Agricultural Means of Production Group Corp. until the end of June indicates a possible end to the uncertainty in the potash market. Prices have fallen more than 25% from $400 a ton last summer, prompted by Uralkali leaving a trading partnership with Belarus and breaking an informal global pricing cartel.

"The contracts between Uralkali and the Chinese ...

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