NEWS
Uralkali to Buy Fertilizer Distributors
Mon Aug 26, 2013 07:23 AM CDT

MOSCOW (Dow Jones) -- Russian potash producer Uralkali (URKA.RS) is in talks to buy distributors in several key markets following its departure from a trading block that broke up a global pricing cartel, business daily Vedomosti reports Monday.

Uralkali exited its trade partnership with producer Belaruskali through the Belarusian Potash Corp., or BPC, on July 30, sending global potash stocks into a downward spiral. Uralkali's Chief Executive Vladislav Baumgertner said at the time that he believes potash prices will drop 25% to $300 per ton.

The company now says it plans to adopt a volume-over-pricing strategy. For years, potash producers ...

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