FARM BUSINESS NEWS
Uralkali 2013 Profit Slumps
Thu Apr 10, 2014 07:37 AM CDT

MOSCOW (DOW Jones) -- Russian potash producer OAO Uralkali posted Thursday a sharp decline in its 2013 net profit and average export price of the fertilizer ingredient following the collapse of a pricing cartel, but said it expected global demand to rise more than 7% in the coming year.

The $22 billion global potash market fell into disarray last July when Uralkali said it would leave a trading partnership with Belarus that controlled around 40% of global trade in the fertilizer ingredient. Uralkali said its average export price of potash last year dropped 28% to $268 a metric ton.

But ...

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